House prices in the Netherlands up by double digits

House prices in the Netherlands were 11.5% higher in January 2025 compared to the same month last year, new data from Statistics Netherlands (CBS), in association with Kadaster, has found.

On a month-on-month basis, the price of existing owner-occupied dwellings, excluding new-build homes, was 1.6% higher in January, the data showed.

The increase in prices continues a trend that has been evident since mid-2023, following on from a decline in prices that ran from August 2022 to June 2023.

As of January 2025, house prices in the Netherlands are 9.4% higher than their previous peak in July 2022.

Transaction volumes

Despite the increase in house prices, transaction volumes are up – in January, some 17,907 homes were sold, which represents a 23.9% increase compared to the same month in 2024.

The average transaction price for an owner-occupied dwelling in the Netherlands was €474,534 as of January 2025, according to the data.

External factors

Over the past decade or so, house price developments in the Netherlands have been influenced by factors including economic conditions, interest rates, and government policies.

House prices reached their lowest point in June 2013, after which they rose steadily until mid-2022. The subsequent decline in late 2022 and early 2023 reflected a shift in market conditions, however since mid-2023, prices have followed a renewed upward trajectory.

The housing market’s recovery and continued price growth suggest heightened demand despite economic uncertainties and policy changes, CBS and Kadaster noted, adding that the increase in both the price of houses and transaction volumes aligns with trends seen in other European markets. Read more here.