Yippee! Dutch housing prices are (finally) falling, here’s where they’ve reduced the most

Paying thousands of euros to share a cramped, damp flat with a mouse and looking for an out? You’re in luck, as Dutch housing prices are finally falling โ€” for the first time in nine years. ๐Ÿฅณ

Prices of owner-occupied houses in all provinces fell during the last few months, according to NU.nl.

However, it was the provinces of North Holland, Utrecht, and Flevoland that exhibited the steepest drop, with housing prices 3 to 4% lower than the previous quarter.

Aspiring homeowners didn’t waste any time

New homeowners took full advantage of the price drop, with a grand total of 51,345 houses sold during the last quarter. ๐Ÿ”ฅ

In fact, from early October to late December, there was a 1.8% rise in home ownership in the Netherlands. You go, homeowners!

However, prices are still higher than in 2021

Despite a very welcome price drop across the country, houses are still more expensive than they were in 2021.

For example, if you’d chosen to hop off and buy a house in December of last year, you’d be paying 2.7% more than you would a year earlier.

The good news? (Yes, there’s a silver lining! ๐Ÿ˜‰)

That 2.7% increase is the smallest rise in house prices that we’ve seen in the past seven years.

Whilst the current housing crisis doesn’t leave us much energy to be hopeful about home ownership, this small win shows us that there still is (some) hope on the horizon!

How do you feel about the drop in housing prices? Tell us all about it in the comments below!

Feature Image:Depositphotos
Liana Pereira ๐Ÿ‡ฑ๐Ÿ‡ฐ
Liana Pereira ๐Ÿ‡ฑ๐Ÿ‡ฐ
Liana juggles her role as an Editor with wrapping up a degree in cognitive linguistics and assisting with DutchReview's affiliate portfolio. Since arriving in the Netherlands for her studies in 2018, she's thrilled to have the 'write' opportunity to help other internationals feel more at home here โ€” whether that's by penning an article on the best SIMs to buy in NL, the latest banking features, or important things to know about Dutch health insurance.


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