Dutch housing market cooling down; More homes available, less overbidding
The Dutch housing market is showing more signs of cooling down. In the third quarter of this year, around 64,000 owner-occupied homes changed hands, 9.2 percent more than a year earlier. At the same time, overbidding was lower and less frequent for the first time in six months, according to new figures from Huispedia. The housing platform expects the cooling to last for a while yet, dampening the rise in property values in the coming period.
More homes were sold because the supply increased, partly due to landlords selling rental properties into the owner-occupied market due to rent regulation and tax changes. Around 45,000 homes were for sale at the end of September, compared to 41,000 at the start of the summer.
In September, buyers on average paid 5.2 percent above the asking price, down from 5.5 percent in August - the first decline since February. Overbidding also occurred slightly less frequently: in 73.0 percent of sales, compared to 73.9 percent a month earlier. The demand per property has also decreased, with the number of viewings falling 12.3 percent in September compared to August.
“There are more homes available. As a result, demand per home is decreasing, and there are fewer overbids,” said Huispedia CEO Maxim Bours. “We expect this cooling ot continue for the time being.” Huispedia expects the effects of landlords’ rental sell-off to last until mid-2026.
