Newly built residential lots in the Netherlands see sharp price jump in 2024
The price of newly built residential lots in the Netherlands rose by 13.7 percent in the fourth quarter of 2024 compared to the same period the previous year, continuing a trend of accelerating price growth. The third quarter had already seen an 11.4 percent increase. Since late 2023, the year-over-year price index for residential lots has shown a steady rise each quarter. In 2024, prices were, on average, 95 percent higher than in 2015, according to new data from Statistics Netherlands (CBS) and the Kadaster.
The CBS and Kadaster price index reflects the cost of land purchased as part of a new home. Over the past decade, the index has demonstrated a consistent upward trajectory. In 2015, the price index was 69.9 in the first quarter. By 2024, it had reached 148.1 in the fourth quarter.
The rate of annual increase also varied over time. Between 2016 and 2020, price growth fluctuated between 5 and 10 percent per year. After a peak increase of 15.3 percent in the second quarter of 2022, the growth rate temporarily slowed to just 0.8 percent in the third quarter of 2023. However, since early 2024, the increases have resumed, with the last quarter showing the highest rise in over a year.
The sharpest price increases occurred in Zuid-Holland, where residential lot prices in 2024 were 117.3 percent higher than in 2015. Utrecht followed closely with a 114.5 percent rise, while Noord-Holland (104.5 percent), Gelderland (103.3 percent), and Noord-Brabant (98.5 percent) also saw increases above the national average. The smallest price hikes were recorded in Overijssel (46.0 percent), Drenthe (60.7 percent), and Limburg (63.8 percent).
Price increases also varied based on the type of housing. Lots designated for row houses saw the steepest rise, with prices soaring 123.2 percent since 2015. Corner house lots increased by 105.2 percent, while semi-detached home lots rose by 88.1 percent, falling below the national average. Lots for detached homes experienced the slowest growth, increasing by 52 percent over the same period.
Among the provinces, Zuid-Holland recorded the highest average price per square meter at 1,256 euros, followed by Utrecht (1,103 euros) and Noord-Holland (960 euros). In contrast, land was significantly cheaper in Fryslân (341 euros), Groningen (351 euros), and Drenthe (418 euros).
The cost per square meter also depended on the type of housing. Land designated for row houses commanded the highest prices, with lots for mid-terrace houses averaging over 1,200 euros per square meter. In contrast, lots for detached homes were the least expensive, averaging approximately 450 euros per square meter.
