House prices in the Netherlands continued to rise on an annual basis in August, although the pace of growth has slowed considerably compared with the sharp increases recorded in 2024.
Figures from Statistics Netherlands (CBS) show that existing owner-occupied homes were 3.3% more expensive in August than during the same month a year earlier. On a monthly basis, however, prices edged down by 0.1% compared with July.
The average transaction price for an existing owner-occupied property stood at €503,523 in August.
The latest figures point to a gradual cooling of the Dutch housing market following the much stronger price growth seen previously. Annual increases have been losing momentum since late 2024, when some months recorded year-on-year gains of around 12%.
Higher borrowing costs appear to be contributing to the slowdown. Rising mortgage rates have reduced purchasing power for prospective buyers and increased the cost of financing a home.
Changes in the supply of properties are also influencing headline prices. A growing number of homes that were previously offered on the rental market are being put up for sale, particularly in more affordable segments. The addition of these lower-priced properties can push down the overall average transaction price.
Despite weaker price growth, housing market activity remained relatively resilient. A total of 18,885 existing homes changed hands in August, nearly 3% more than in the same month a year earlier.
Sales have also increased over a longer period. During the first eight months of the year, 156,028 homes were sold, representing growth of more than 4% compared with the corresponding period a year earlier.
The combination of rising transaction numbers and moderating price increases suggests that the Dutch housing market is becoming more balanced after the rapid appreciation seen during much of the previous year.
