Dutch home prices rose 11.5 percent in January

The price increase of the average existing owner-occupied home continued in the first month of 2025, according to Statistics Netherlands (CBS) and the Land Registry. Prices were 11.5 percent higher in January than in the same month a year earlier. Buyers had to pay an average of 474,534 euros for an owner-occupied home last month.

In December, existing owner-occupied homes became almost 11 percent more expensive and over the whole of 2024, prices rose by 8.7 percent. Compared to December 2024, homes became 1.6 percent more expensive in January.

The prices of existing owner-occupied homes peaked in July 2022. Prices then fell for nearly a year. Since June 2023, home prices have been rising again. In January, prices were on average 9.4 percent higher than at the previous peak in July 2022.

The demand for homes in the tight housing market remains high, as is evident from the number of transactions. According to the Land Registry, 17,907 homes changed hands in January. That is almost 24 percent more than a year earlier.

Housing market experts have long pointed out the great importance of building more homes to get the housing market flowing. Because buyers can pay more and there are still few homes for sale, prices continue to rise. Buyers can borrow more money due to increased salaries and a slight decrease in mortgage interest rates.

The government wants to structurally build 100,000 homes per year in the coming years, but the target remains out of sight. The Ministry of Housing and Spatial Planning expects to only achieve the 100,000 target in 2027 at the earliest.