What is the average price of residential property in the Netherlands? In the third quarter of 2024, a single-family home cost approximately 434,000 euros. There were large differences between the Dutch provinces, however. Single-family homes were most expensive in the central province of Utrecht with an average price of 731,000 euros, whereas a similar house in Groningen had an average price tag of 384,000 euros. Overall, the average price a private individual would pay when buying any type of existing residential property (such as single-family homes but also, for example, an apartment) was approximately 416,000 euros in 2023. Do the Dutch prefer to buy or to rent a house? The Netherlands had a slightly higher homeownership rate (the share of owner-occupied dwellings of all homes) in 2023 than other countries in Northwestern Europe. About 70 percent of all Dutch houses were owned, whereas this percentage was lower in Germany, France, and the United Kingdom. This is an effect of past developments: the price to rent ratio (the development of the nominal purchase price of a house divided by the annual rent of a similar place with 2015 as a base year) shows that the gap between house prices and rents has continuously widened in recent years. Despite a slight decline in the ratio due to slowing house price growth and accelerating rental growth, in 2023, the cost of buying a home had grown significantly faster relative to the cost of renting. Mortgages in the Netherlands Additionally, the Netherlands has one of the highest mortgage debts among private individuals in Europe. In 2024, total debt exceeded 839 billion euros. This has a political background, as the Dutch tax system allowed homeowners for many years to deduct interest paid on mortgage from pre-tax income for a maximum period of thirty years, essentially allowing for income support for homeowners. In the Netherlands, this system is known as hypotheekrenteaftrek. Note that since 2014, the Dutch government is slowly scaling this down, with a planned acceleration from 2020 onwards.

Netherlands - House price index was 10.30% in September of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Netherlands - House price index - last updated from the EUROSTAT on February of 2025. Historically, Netherlands - House price index reached a record high of 19.00% in March of 2022 and a record low of -9.00% in September of 2012.

Housing Index in Netherlands increased to 145.50 points in January from 143.30 points in December of 2024. This dataset provides - Netherlands House Price Index - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for Residential Property Prices for Netherlands (QNLN628BIS) from Q1 1970 to Q3 2024 about Netherlands, residential, HPI, housing, price index, indexes, and price.

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.

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.

Residential Property Prices in Netherlands increased 10.33 percent in September of 2024 over the same month in the previous year. This dataset includes a chart with historical data for Netherlands Residential Property Prices.

House Price Index YoY in Netherlands increased to 10.30 percent in the third quarter of 2024 from 7.70 percent in the second quarter of 2024. This dataset includes a chart with historical data for Netherlands House Price Index YoY.

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.

Netherlands - Housing cost overburden rate: Rural areas was 3.30% in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Netherlands - Housing cost overburden rate: Rural areas - last updated from the EUROSTAT on March of 2025. Historically, Netherlands - Housing cost overburden rate: Rural areas reached a record high of 13.00% in December of 2014 and a record low of 3.30% in December of 2024.

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.

Portugal, Canada, and the United States were the countries with the highest house price to income ratio in 2023. In all three countries, the index exceeded 130 index points, while the average for all OECD countries stood at 117.5 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.

Netherlands - House price index, deflated was 7.40% in September of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Netherlands - House price index, deflated - last updated from the EUROSTAT on March of 2025. Historically, Netherlands - House price index, deflated reached a record high of 13.60% in March of 2022 and a record low of -10.70% in June of 2023.

The house price to income index in Europe declined in almost all European countries in 2023, indicating that income grew faster than house prices. Portugal, Luxembourg, and the Netherlands led the house price to income index ranking in 2023, with values exceeding 125 index points. Romania, Bulgaria, and Finland were on the other side of the spectrum, with less than 100 index points. The house price to income ratio is an indicator for the development of housing affordability across OECD countries and is calculated as the nominal house prices divided by nominal disposable income per head, with 2015 chosen as a base year. A ratio higher than 100 means that the nominal house price growth since 2015 has outpaced the nominal disposable income growth, and housing is therefore comparatively less affordable. In 2023, the OECD average stood at 117.4 index points.

This dataset visualises the spatial distribution of the rental value in Amsterdam between 1647 and 1652. The source of rental value comes from the Verponding registration in Amsterdam. The verponding or the ‘Verpondings-quohieren van den 8sten penning’ was a tax in the Netherlands on the 8th penny of the rental value of immovable property that had to be paid annually. In Amsterdam, the citywide verponding registration started in 1647 and continued into the early 19th century. With the introduction of the cadastre system in 1810, the verponding came to an end.

The original tax registration is kept in the Amsterdam City Archives (Archief nr. 5044) and the four registration books transcribed in this dataset are Archief 5044, inventory 255, 273, 281, 284. The verponding was collected by districts (wijken). The tax collectors documented their collecting route by writing down the street or street-section names as they proceed. For each property, the collector wrote down the names of the owner and, if applicable, the renter (after ‘per’), and the estimated rental value of the property (in guilders). Next to the rental value was the tax charged (in guilders and stuivers). Below the owner/renter names and rental value were the records of tax payments by year.

This dataset digitises four registration books of the verponding between 1647 and 1652 in two ways. First, it transcribes the rental value of all real estate properties listed in the registrations. The names of the owners/renters are transcribed only selectively, focusing on the properties that exceeded an annual rental value of 300 guilders. These transcriptions can be found in Verponding1647-1652.csv. For a detailed introduction to the data, see Verponding1647-1652_data_introduction.txt.

Second, it geo-references the registrations based on the street names and the reconstruction of tax collectors’ travel routes in the verponding. The tax records are then plotted on the historical map of Amsterdam using the first cadaster of 1832 as a reference. Since the geo-reference is based on the street or street sections, the location of each record/house may not be the exact location but rather a close proximation of the possible locations based on the street names and the sequence of the records on the same street or street section. Therefore, this geo-referenced verponding can be used to visualise the rental value distribution in Amsterdam between 1647 and 1652. The preview below shows an extrapolation of rental values in Amsterdam. And for the geo-referenced GIS files, see Verponding_wijken.shp.

GIS specifications:

Coordination Reference System (CRS): Amersfoort/RD New (ESPG:28992)

Historical map tiles URL (From Amsterdam Time Machine)

NB: This verponding dataset is a provisional version. The georeferenced points and the name transcriptions might contain errors and need to be treated with caution.

Contributors

Historical and archival research: Weixuan Li, Bart Reuvekamp

Plotting of geo-referenced points: Bart Reuvekamp

Spatial analysis: Weixuan Li

Mapping software: QGIS

Acknowledgements: Virtual Interiors project, Daan de Groot

Netherlands - Median of the housing cost burden distribution: Towns and suburbs was 13.40% in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Netherlands - Median of the housing cost burden distribution: Towns and suburbs - last updated from the EUROSTAT on March of 2025. Historically, Netherlands - Median of the housing cost burden distribution: Towns and suburbs reached a record high of 26.00% in December of 2012 and a record low of 13.40% in December of 2024.

Netherlands - Housing cost overburden rate: From 18 to 64 years was 10.50% in December of 2023, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Netherlands - Housing cost overburden rate: From 18 to 64 years - last updated from the EUROSTAT on March of 2025. Historically, Netherlands - Housing cost overburden rate: From 18 to 64 years reached a record high of 17.30% in December of 2014 and a record low of 9.30% in December of 2020.

Netherlands - Housing cost overburden rate: Fourth quintile was 1.90% in December of 2023, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Netherlands - Housing cost overburden rate: Fourth quintile - last updated from the EUROSTAT on February of 2025. Historically, Netherlands - Housing cost overburden rate: Fourth quintile reached a record high of 7.60% in December of 2011 and a record low of 0.90% in December of 2021.

Netherlands - Housing cost overburden rate: Cities was 9.60% in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Netherlands - Housing cost overburden rate: Cities - last updated from the EUROSTAT on March of 2025. Historically, Netherlands - Housing cost overburden rate: Cities reached a record high of 18.70% in December of 2013 and a record low of 9.60% in December of 2024.

Netherlands - Housing cost overburden rate: Less than 18 years was 1.90% in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Netherlands - Housing cost overburden rate: Less than 18 years - last updated from the EUROSTAT on March of 2025. Historically, Netherlands - Housing cost overburden rate: Less than 18 years reached a record high of 14.80% in December of 2013 and a record low of 1.80% in December of 2021.