The price of new homes in the Netherlands rose 8.7% in the final quarter of 2020, in line with developments earlier in the year and with existing property prices, national statistics agency CBS said in April.

In total, developers sold 10,744 newly-built homes in the final three months of the year, nearly 54% up on the same period in 2019. This was the first quarter in which more than 10,000 new home were sold since the final three months of 2017, the CBS said.

Developers sold 32,200 new homes throughout the year.

House prices in the Netherlands are rising more quickly than in the European Union as a whole, the CBS said. In the final three months of 2020, house prices rose by an average of 5.7% in the EU as a whole. Luxembourg topped the ranking, with an average increase of 16.7%.

One million homes

Earlier this year developers, construction companies, lobby groups, housing corporations and tenants’ associations in the Netherlands joined forces in an effort to tackle the chronic housing shortage.

The group says one million new homes need to be built in the the Netherlands in the next 10 years to meet demand – a call first made by the Holland Metropole alliance in 2017.

The organisations hope their plans will form the backbone of the next government’s strategy on housing.