Average home prices top €550,000 in one in five Dutch municipalities

The average price for an existing owner-occupied home is more than 550,000 euros in one in five Dutch municipalities, NU.nl reports based on figures from the Land Registry. The average home price in the first quarter was 470,000 euros, 9 percent more than a year earlier.

The housing shortage is the main reason for the rising home prices, according to the Land Registry. Buyers can also borrow more for their mortgage due to lower interest rates and salary increases.

Almost 51,500 homes changed ownership in the first quarter of 2025, around 16 percent more than a year earlier. According to the Land Registry, this is the highest number of housing transactions since 2021, when a change in transfer tax resulted in a record number of transactions by first-time buyers.

It is striking that the number of transactions increased at a time of economic uncertainty and declining consumer confidence. According to Rabobank economist Nic Vrieselaar, this is mostly due to the high demand for homes. “And the supply is also increasing, now that we see that former private rental homes are coming up for sale. This is especially the case in the large cities,” he told the newspaper.

The housing market is still extremely tight, Vrieselaar added. “There is more supply, but the demand is still greater. Furthermore, people are earning more because of the significant wage increases. That is also why there is a lot of overbidding.”