House prices rise again, but have been levelling for 10 months
House prices in the Netherlands reached a record high in January, driven by a continuing shortage of homes, a lack of new-build properties and rising household income, national statistics agency CBS said on Monday.
The average price of an existing owner-occupied home now stands at €493,875, up 5.4% on a year ago, the CBS and the land registry department said. Compared with December, prices rose by 1.2%.
Price rises for existing homes are slowing, however, and have moderated for the 10th month in a row.
“The increase is mainly due to the tight housing market,” CBS economist Marjolijn Jaarsma said. “Demand is high and supply is limited, and that trend is continuing. We see it nationwide.”
New construction is also lagging behind government targets for the third year in a row. Nearly 80,000 homes were completed last year, compared with 82,000 in 2024. The aim is to build 100,000 new homes a year.
“The low level of supply remains a major problem,” ABN Amro economist Jan-Paul van de Kerke told news website Nu.nl. “At the same time, households have more to spend, allowing people to take out larger mortgages. That is fuelling demand on the housing market.”
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