Statistics Netherlands (CBS) and the Land Registry have released a report showing that the average home price in the Netherlands has reached over €1 million in three municipalities.
This is the first time the country’s average price has crossed this threshold.
However, the report also showed that in four other municipalities, the average price of a home was less than €250,000.
The report found that existing owner-occupied homes cost the most in Bloemendaal and the least in Pekela, with the price difference being almost 500 percent.
The average selling price for existing owner-occupied homes in the country was almost €429,000 in 2022, an increase of almost €42,000 from the previous year, which is the highest price measured since CBS started tracking this figure in 1995.
The report also showed that in almost all of the 345 Dutch municipalities, the average home price increased in 2022.
In 25 municipalities, the average transaction price increased by 20 percent or more; in seven municipalities, the increase was higher than 25 percent.
Zeewolde had the highest increase, at over 36 percent.
However, the average transaction price for an existing owner-occupied home in six municipalities was lower in 2022 than in 2021.
Zoeterwoude saw the largest decrease, with more than 10 percent.
The highest average transaction price was €1,118,894 in Bloemendaal, while Blaricum took second place with €1,099,057, and Laren in Noord-Holland came third with €1,030,092.
In 2021, Blaricum was the first Dutch municipality where the average home price topped €1 million.
Last year, three municipalities had an average home price above €1 million.
The lowest average transaction price for an existing owner-occupied home was €230,760 in Pekela, and the average price was also below €250,000 in Kerkrade, Brunssum, and Eemsdelta.
Pekela also had the lowest price in 2021, when the average home cost just over €200,000.
In 2021 and 2022, seven of the top ten municipalities with the highest home prices were in Noord-Holland.
Of the ten municipalities with the lowest average home prices, three were in Groningen, and three were in Limbu.