Home prices rose by 10.4 percent last month compared to February 2020. This is the sharpest increase in home prices the Netherlands has seen in the past 20 years, numbers from Statistic Netherlands (CBS) and the Kadaster show.

The pandemic has not caused prices on the housing market to go down, CBS chief economist Peter Hein van Mulligen said to the ANP. It is even likely that house prices have gone up because people saved the money they would usually spend on vacations, he said.