Home prices for existing owner-occupied properties in April were 7.5 percent higher compared to the same period last year, surpassing the previous peak set in

July 2022 for the first time. The number of home sales also saw a significant increase of nearly 25 percent, according to data released by Statistics Netherlands (CBS) and the Land Registry on Wednesday.

In April, the average transaction price for an existing owner-occupied home reached 435,984 euros, marking a 7.5 percent increase from April 2023 and a 1.0 percent rise from March 2024.

Following a year-long decline, home prices have been consistently rising since June 2023. “In April 2024, prices were higher for the first time (0.7 percent) than the previous peak in July 2022,” CBS reported.

The Land Registry recorded 15,678 housing transactions in April, representing a 22 percent increase compared to the previous year. In the first four months of 2024, 60,130 existing owner-occupied homes were sold, nearly 13 percent more than the same period last year.

ABN Amro had forecasted that home prices would soon exceed the July 2022 peak. The bank predicts that prices for owner-occupied homes will rise by 6 percent this year and by 5 percent next year.