Nearly 200,000 Dutch homes worth over €1 million; 3% are apartments

The number of homes worth over 1 million euros in the Netherlands increased by more than tenfold in ten years. That is more due to increasing home prices than more mansions being built. Last year, 3 percent of the million-euro homes were apartments, the Telegraaf reports based on figures from data supplier Calcasa.

In 2013, the end of the credit crisis and the lowest point in the Dutch housing market, the Netherlands counted 14,000 homes worth a million euros or more. Last year, that was 197,000. Over 40 percent of owner-occupied homes were worth at least a million euros last year. On average, they were worth 1.35 million euros.

Ten years ago, almost three-quarters of million-euro homes were detached houses. Now it’s a little more than half. Semi-detached houses make up 14 percent of the total, and terraced houses 13 percent.

“A decade ago, the million-euro homes were mainly located in the Randstad,” Calcassa researchers said. “Nowadays, they can be found everywhere in the Netherlands. Municipalities like Zwolle, Tilburg, Eindhoven, Leeuwarden, and Lelystad gained many million-euro hones.”

Amsterdam remains the leader in absolute numbers, with around 20,000 homes worth 1 million euros or more. There are 590 on Keizersgracht alone. The Hague counts 9,350, Rotterdam 4,750, Utrecht, 3,350, Haarlem 3,200, Amstelveen 3,200, and Heemstede 3,000. Wassenaar, known for its villas and diplomats, dropped from second place in 2013 to eighth last year with 2,900.

Rotterdam offers the most value for your money of the large Dutch cities. Every million euros there is good for approximately 177 square meters. In The Hague and Utrecht, it is 165 and 163 square meters, respectively. In Amsterdam, a million euros will get you 125 square meters.