In 2022, 30 homes in Amsterdam were sold for prices exceeding €3 million, with at least €12,000 per square meter, according to research by real estate advisor CBRE, as reported by Parool.
This trend is expected to grow in the coming years due to rapidly rising prices in the luxury housing segment.
CBRE’s analysis highlights Amsterdam as the luxury housing hotspot of the Netherlands, accounting for over 80% of the country's high-end property transactions. Within this market, some homes fall into the "ultra-luxury" category, with prices starting at €19,000 per square meter. The priciest property recorded in 2022 surpassed €25,000 per square meter. However, Amsterdam has yet to enter the “exceptional” category, reserved for properties priced above €40,000 per square meter.
The city’s most expensive homes are concentrated in neighborhoods adjacent to Vondelpark and the canal belt, particularly on Keizersgracht and Herengracht. In Amsterdam Zuid, Van Eeghenstraat saw the most costly transaction. These ultra-luxury homes typically exceed 800 square meters in size.
The Zuidas district, traditionally known as a commercial hub, has also emerged as a luxury residential area. According to Nikki van Horck of real estate agency Eefje Voogd, part of CBRE, Zuidas now attracts affluent buyers interested in high-end penthouses. “What used to be an exclusive office area has transformed into a coveted location for luxury living,” Van Horck noted.
The surge in Amsterdam’s luxury housing market is partly attributed to Brexit, which prompted many wealthy individuals to establish new European bases in the city. “This has provided a solid foundation for the luxury market,” said Van Horck. Additionally, the strong presence of Amsterdam’s tech sector, including start-ups and scale-ups, has attracted affluent newcomers, further driving demand for high-end homes.
Despite its growing luxury segment, Amsterdam remains comparatively affordable in the global high-end property market. Cities like London and Paris have significantly higher thresholds for luxury homes. In Paris, properties below €4 million do not even qualify as luxury.
This relatively low price point offers potential for future growth, Van Horck explained. “An intergenerational wealth transfer is expected in the coming years, with baby boomers passing down their wealth. The younger generation has different preferences, which could expand opportunities in the luxury housing market.”
Amsterdam’s combination of a high quality of life, modern amenities, cultural richness, and a relaxed atmosphere continues to attract luxury home buyers. As demand increases and prices rise, the Dutch capital is well-positioned to cement its status as a premier destination for high-end real estate. Photo by Filipo de Žabo, Wikimedia commons.