Home prices increased in almost all Dutch municipalities in first quarter

The prices of existing owner-occupied homes increased in almost all Dutch municipalities in the first quarter of 2025 compared to a year earlier, reported Statistics Netherlands (CBS). Home prices rose by an average of 10.9 percent in the first three months of the year. The upward trend continued.

The prices of existing owner-occupied homes peaked in July 2022. The trend then reversed, and prices fell for a while. According to CBS, home prices have been rising again since June 2023. This picture was visible in most larger municipalities. The decline and turnaround were less visible in many smaller municipalities. These municipalities often only showed a levelling off of price increases.

Prices rose the most in Bunnik by 19.8 percent, followed by Waddinxveen with 18.7 percent and Gouda with 18 percent. Texel and Vught were the only two municipalities with falling house prices compared to last year. Prices there fell by 1.4 percent and 0.1 percent, respectively.

CBS previously reported that prices also continued to rise at the start of the second quarter. Existing owner-occupied homes were 10.2 percent more expensive in April than a year earlier. On average, a home cost 472,054 euros in April. According to CBS, home prices are now 11 percent higher than during the peak in July 2022.

The rising home prices are partly due to the much higher demand than the tight supply. The falling mortgage interest rate and increased incomes also played a role, allowing home seekers to borrow and spend more on their homes