House prices fell by an average of 2.7% in the first three months of 2026, compared with the final three months of 2025, according to new calculations by real estate agents’ association NVM.

The figures are based on the experiences of the NVM’s own members, who make up some 70% of the market. Compared with a year ago, house prices have risen by an average of €10,000 to €488,000, or 2.7%, the NVM said. Some two-thirds were sold for more than the asking price.

The NVM said the quarter-on-quarter decline in price is down to smaller and cheaper homes coming onto the market – such as apartments that had been rentals but are being sold by landlords because of tax and rent cap changes. There was a 20% increase in the number of homes put up for sale.

In total, 34,600 homes changed hands between January and the end of March, down 27% on the last quarter of 2025.

The NVM said that global uncertainties are leading potential buyers to wait, and this has reduced the number of viewings and bids on some properties. There are, however, strong regional variations. Sales were stable in the four big cities but fell in the north and coastal regions.

“Energy-efficient homes which don’t require any work are still popular, but other homes take longer to sell,” said Lana Goutsmits-Gerssen, the NVM’s residential division chairwoman. “Buyers have more choice and can take longer to make a decision.”