Housing prices change in the Netherlands 1996-2023
House prices in the Netherlands had been on an upward trend for nearly nine years, before starting to decline in 2023. In September 2023, the average house price fell by 3.5 percent from the same period the year before. Conversely, in 2022, house prices soared by over 20 percent because of the low mortgage rates, a recovering economy and a high level of consumer confidence at the time. According to a forecast released in October 2023, real estate prices are expected to continue to decline in 2023 and 2024.