Homes in the Netherlands are now more expensive than EVER before

The saga continues... 🫠

So, it’s officially happened: Dutch house prices have just reached their all-time high β€” in the history of Dutch housing. With this, we’ve surpassed the previous record from two years ago. (Hoo… ray? πŸ₯²)

According to the Central Bureau of Statistics (CBS) in the Netherlands, the price of homes for sale reached a record high in April.

Unfortunately, what feels like a sick April Fools’ joke is actually a reality. According to the AD, the average transaction price for a home is now a whopping €453,984.

This is 7.5% higher than last year and 0.7% higher than the previous record from July 2022.

Why… oh why?

Why do we have this issue? You guessed it: there are too few available homes in the Netherlands and too many people looking to buy one.

READ MORE | Why is there a housing shortage in the Netherlands? The Dutch housing crisis explained

On top of that, over the past year, mortgage interest rates have slightly dropped while wages have increased, causing chaos in the Dutch housing market.

With around 300,000 homes too few, competition among home buyers is tough. Young first-time buyers are mostly affected by this.

In fact, as a single starter in the Netherlands, you currently have access to only about 3% of the housing market.

READ MORE | This is the most expensive parking space in the Netherlands (and you’ll never guess its price)

And the worst part? As CBS chief economist Peter Hein van Mulligen tells the AD, we’ll likely be riding this wave for a while.

“If I look at the market conditions, I wouldn’t bet on a rapid decline,” he says.

Are you looking to buy a home in the Netherlands? Share your experience in the comments!

Feature Image:Depositphotos
Lyna Meyrer πŸ‡±πŸ‡Ί
Lyna Meyrer πŸ‡±πŸ‡Ί
Say 'hoi' to Lyna, our Senior Writer at DutchReview! Fueled by a love for writing, social media, and all things Dutch, she joined the DR family in 2022. Since making the Netherlands her home in 2018, she has collected a BA in English Literature & Society (Hons.) and an RMA in Arts, Literature and Media (Hons.). Even though she grew up just a few hours away from the Netherlands, Lyna remains captivated by the guttural language, quirky culture, and questionable foods that make the Netherlands so wonderfully Dutch.

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