This statistic shows the percentage change on the previous year in the four largest municipalities in the Netherlands from the fourth quarter of 2013 to the fourth quarter of 2017. In the fourth quarter of 2017, housing prices in the municipality of Amsterdam increased with approximately 13.4 percent compared to the same period in the previous year. In recent years, the housing market has continued to rise in the Netherlands due to low mortgage rates, a recovering economy and a high level of consumer confidence. For example, the number of registered transactions reached a value of approximately 215,000 in 2016 and the average selling price of houses was higher than in 2013, when prices reached a low point. In 2018, real estate prices are expected to increase with five percent as a high number of sales, combined with an increasingly scarce supply, are expected to push the housing price up.

The housing market in the Netherlands has grown substantially since 1995, with house prices experiencing a month-on-month increase of up to three percent during the observation period. The market saw some fluctuation between 2007 and 2013, coinciding with the global financial crisis. Additionally, the overall trend of price growth reversed in August 2022, and continued until April 2023. In December 2023, house prices rose by 0.2 percent from the previous month.

House prices in the Netherlands had been on an upward trend for nearly nine years, before starting to decline for most of 2023. In December 2023, the average house price rose by 1.6 percent from the same period the year before. In comparison, in December 2022, house prices soared by 2.7 percent because of the low mortgage rates, a recovering economy and a high level of consumer confidence at the time. According to a forecast released in October 2023, real estate prices were expected to decline in 2024.

Key information about House Prices Growth

• Netherlands house prices grew 11.5% YoY in Jan 2025, following an increase of 10.9% YoY in the previous month.
• YoY growth data is updated monthly, available from Jan 1996 to Jan 2025, with an average growth rate of 4.7%.
• House price data reached an all-time high of 20.9% in Jan 2022 and a record low of -9.6% in Jan 2013.

House prices in the Netherlands declined across all provinces in 2023. Utrecht experienced the highest decrease, with home prices falling by nine percent between the second quarter of 2022 and the second quarter of 2023. Limburg, on the other hand, saw the smallest change in prices, at 2.3 percent. Property prices in the Netherlands had been on an upward trend for almost a decade, with the average price almost doubling between 2013 and 2022.

Mortgage rates in the Netherlands increased sharply in 2022 and 2023, after declining gradually between 2008 and 2021. In December 2022, the average interest rate for new mortgage loans stood at 1.65 percent, and by the end of 2023, it had risen to 4.13 percent. The 10-year interest rate was the lowest, at 2.96 percent; the floating and less than one-year interest rates amounted to 5.13 and 4.62 percent, respectively. In early 2024, mortgage rates decreased notably. Are mortgage rates in the Netherlands different from those in other European countries? When comparing this ranking to data that covers multiple European countries, the Netherlands’ mortgage rate was similar to the rates found in Spain, the United Kingdom, and Sweden. It was, however, a lot lower than the rates in Eastern Europe. Hungary and Romania, for example, had some of the highest mortgage rates. For more information on the European mortgage market and how much the countries differ from each other, please visit this dedicated research page. How big is the mortgage market in the Netherlands? The Netherlands has overall seen an increase in the number of mortgage loans sold and is regarded as one of the countries with the highest mortgage debt in Europe. The reason behind this is that Dutch homeowners were able to for many years to deduct interest paid from pre-tax income (a system known in the Netherlands as hypotheekrenteaftrek). Total mortgage debt of Dutch households has been increasing year-on-year since 2013.

The average sales price of a home in the Netherlands peaked in August 2022, followed by a decline in the following months. In December 2023, it cost on average over 422,000 euros to buy a home, up from 400,000 euros in the same month the year before. According to a forecast released in October 2023, house prices are expected to continue to decline throughout 2024. Some of the factors influencing the market are the declining transaction activity and the higher interest rates.

In recent years, the housing market has continued to rise in the Netherlands due to low mortgage rates, a recovering economy and a high level of consumer confidence. For example, the number of registered transactions reached a value of approximately 226,000 in 2021 and the average selling price of houses was over 386,000 euros. In 2024, real estate prices are expected to decline.

This table shows the changes of the sale prices of existing own homes by COROP and 25 biggest municipalities (more then 100.000 inhabitants on 01-01-2005). Besides the price indices, also the numbers sold, the average purchase price of these dwellings and the total sum of the puchase prices of these dwellings are published. The House Price Index of existing own homes is based on a complete registration of sales of dwellings by the Dutch Land Registry Office (Kadaster) and Value Immovable Property (in Dutch: WOZ) of all dwellings in The Netherlands. Indices can fluctuate, for example when the number of dwellings sold in a region is limited. In that case it is recommended to use the long term change of the index. The average purchase price of existing own homes may differ from the price index of existing own homes. The change in the average purchase price is, however, not an indicator for price developments of existing own homes. For more information on this subject, see the article at chapter 3 "Why the average purchase price is not an indicator".

Data available from: January 1995 - December 2012.

Status of the figures: The figures are definitive.

When are new figures published? This table is stopped as from 3-8-2013 and will be continued as House Price Index by region; existing own homes, 2010 = 100. See paragraph 3.

This table shows the changes of the sale prices of existing own homes. Besides the price indices, also the numbers sold, the average purchase price of these dwellings and the total sum of the puchase prices of these dwellings are published. The House Price Index of existing own homes is based on a complete registration of sales of dwellings by the Dutch Land Registry Office (Kadaster) and Value Immovable Property (in Dutch: WOZ) of all dwellings in The Netherlands. Indices can fluctuate, for example when the number of dwellings sold of a certain type of dwelling in a region is limited. In that case it is recommended to use the long term change of the index. The average purchase price of existing own homes may differ from the price index of existing own homes. The change in the average purchase price is, however, not an indicator for price developments of existing own homes. For more information on this subject, see the article at chapter 3 "Why the average purchase price is not an indicator". Data available from: January 1995 Status of the figures. The figures are definitive. When are new figures published? This table is stopped as from 3-8-2013 and will be continued as House Price Index by region; existing own homes, 2010 = 100 and House Price Index by type of dwelling; existing own homes; 2010 = 100. See paragraph 3.

Rent prices per square meter in the largest Dutch cities have been on an upward trend after a slight decline in 2020. Amsterdam remained the most expensive city to live in, averaging a monthly rent of 27.6 euros per square meter for residential real estate in the private rental sector. Monthly rents in Utrecht were around six euros cheaper per square meter. Both cities were above the average rent price of residential property in the Netherlands overall, whereas Rotterdam and The Hague were slightly below that. Buying versus renting, what do the Dutch prefer? The Netherlands is one of Europe’s leading countries when it comes to homeownership, having funded this with a mortgage. In 2023, around 60 percent of people living in the Netherlands were homeowners with a mortgage. This is because Dutch homeowners were able to for many years to deduct interest paid from pre-tax income (a system known in the Netherlands as hypotheekrenteaftrek). This resulted in the Netherlands having one of the largest mortgage debts across the European continent. Total mortgage debt of Dutch households reached a value of approximately 803 billion euros in 2023. Is the Dutch housing market overheating? There are several indicators for the Netherlands that allow to investigate whether the housing market is overheating or not. House price indices corrected for inflation in the Netherlands suggest, for example, that prices have declined since 2022. The Netherlands’ house-price-to-rent-ratio, on the other hand, has exceeded the pre-crisis level in 2019. These figures, however, are believed to be significantly higher for cities like Amsterdam, as it was suggested for a long time that the prices of owner-occupied houses were increasing faster than rents in the private rental sector.

The average price paid when a Dutch private individual bought existing residential property in 2023 was about 416,000 euros. In recent years, the housing market has continued to grow in the Netherlands due to low mortgage rates, a recovering economy and a high level of consumer confidence. For example, the number of registered transactions nearly doubled between 2011 and 2021, before declining in 2022.

This statistic shows the distribution of first-time homebuyers in the Netherlands in 2013 and 2017, by age group. In 2017, approximately 16 percent of all first-time homebuyers in the Netherlands consisted of the age group between 25 and 29 years old. This was a decrease from the approximately 25 percent in 2013.

In recent years, the housing market has continued to rise in the Netherlands due to low mortgage rates, a recovering economy and a high level of consumer confidence. In December 2017, for example, housing prices in the Netherlands increased by approximately 8.2 percent when compared to the same period a year before.

This statistic shows the average asking price per square meter of houses in the four largest cities in the Netherlands from December 2014 to December 2016 (in euros). In December 2016, a house in Utrecht would cost approximately 3,120 euros per square meter. The European housing, or residential real estate, market has recently shown clear signs of recovery, with an increasing house price being the main trend. In recent years, the housing market has continued to rise in the Netherlands due to low mortgage rates, a recovering economy and a high level of consumer confidence. For example, the average selling price of houses was higher in 2016 than in 2013, when prices reached a low point. In 2017, real estate prices are expected to increase with seven percent as a high number of sales, combined with an increasingly scarce supply, are expected to push the housing price up. In the four largest municipalities, the demand of housing outweighs the supply. In December 2016, the average number of houses for sale in the municipality of Amsterdam was approximately 1,800 with this number reaching an average of 4,300 in December 2014.

Portugal, Canada, and the United States were the countries with the highest house price to income ratio in 2024. In all three countries, the index exceeded 130 index points, while the average for all OECD countries stood at 116.2 index points. The index measures the development of housing affordability and is calculated by dividing nominal house price by nominal disposable income per head, with 2015 set as a base year when the index amounted to 100. An index value of 120, for example, would mean that house price growth has outpaced income growth by 20 percent since 2015. How have house prices worldwide changed since the COVID-19 pandemic? House prices started to rise gradually after the global financial crisis (2007–2008), but this trend accelerated with the pandemic. The countries with advanced economies, which usually have mature housing markets, experienced stronger growth than countries with emerging economies. Real house price growth (accounting for inflation) peaked in 2022 and has since lost some of the gain. Although, many countries experienced a decline in house prices, the global house price index shows that property prices in 2023 were still substantially higher than before COVID-19. Renting vs. buying In the past, house prices have grown faster than rents. However, the home affordability has been declining notably, with a direct impact on rental prices. As people struggle to buy a property of their own, they often turn to rental accommodation. This has resulted in a growing demand for rental apartments and soaring rental prices.

This statistic shows the share of first-time home buyers in total mortgage applications in the four largest municipalities in the Netherlands from 2015 to the first half of 2017. In the first six months of 2017, the share of first-time home buyers in the cities of Amsterdam, Rotterdam, The Hague and Utrecht reached a value of approximately 39 percent. This is an increase when compared to 2016, but a decrease when compared to the value reached in 2015 when first-time home buyers made up approximately 50 percent of mortgage applications in the four biggest cities in the Netherlands.

In recent years, the housing market has continued to rise in the Netherlands due to low mortgage rates, a recovering economy and a high level of consumer confidence. For example, the average selling price of houses was higher in 2016 than in 2013, when prices reached a low point. In 2017, real estate prices are expected to increase with five percent as a high number of sales, combined with an increasingly scarce supply, are expected to push the housing price up.

In the four largest municipalities, the demand of housing outweighs the supply. In December 2016, the average number of houses for sale in the municipality of Amsterdam was approximately 1,800 with this number reaching an average of 4,300 in December 2014.

The average price of houses in Flanders, Wallonia and the Brussels Capital Region were very different from each other in 2022. That year, a house in the Flemish region was around 348,000 euros. Belgium has four governments, one national and three regional: Dutch-speaking Flanders, French-speaking Wallonia and the Brussels Capital Region (the city of Brussels along with its surrounding villages). All four areas operate independently from each other. House prices in Belgium have risen in recent years, but the increase has been milder than in the Netherlands and Luxembourg.

In the second quarter of 2023, banks accounted for approximately 38.8 percent of mortgage lending to first-time buyers. In recent years, the housing market has continued to rise in the Netherlands due the asset purchase programme (APP) of the European Central Bank and, consequently, low mortgage rates. This can be seen in the, the number of registered transactions, which has risen by over 100 percent since 2013.

What is the price of a house in Belgium? In 2022, a house in Belgium would cost approximately 319,000 euros. However, that there are large price differences between the three Belgian regions. A house in the Brussels Capital-Region (the city of Brussels along and its surrounding villages) cost about double the price of a house in Wallonia. Of the Belgian provinces, houses in Hainaut were the cheapest. The ranking shown here only includes what in Flemish Dutch is referred to as “woonhuizen” and as “maisons” in French and therefore does not include apartments.

How much is an apartment in Belgium?

In 2022, an apartment in Belgium would cost approximately 260,000 euros. Apartment prices increased by about four percent compared to 2021, which was lower than the house prices (eight percent).

Is residential property in Belgium expensive when compared to the rest of Europe?

The house price index (HPI) of Belgium did not increase as fast as that of other European countries in 2022. Residential property in Belgium (which includes both newly constructed as well as existing property) increased by six percent between the second quarter of 2021 and the second quarter of 2022, whereas prices in Estonia and Czechia increased by more than 20 percent.

In 2022, an apartment in Belgium would cost approximately 260,000 euros on average. The Brussels was the region with the most expensive apartments, whereas Wallonia had the most affordable housing. House prices in the country have risen in recent years, but the increase has been milder than in the Netherlands and Luxembourg.

The prime rent for office real estate in Amsterdam, Netherlands has increased steadily since 2013. From 350 euros per square meter per year in 2013, the annual rent in Amsterdam reached 570 euros per square meter in 2024. This was the highest rate on record and an increase of 35 euros per square meter from the year before. In Europe, London, Paris, and Stockholm were the markets with the most expensive rents.