DON’T MISS
IamExpat FairIamExpat Job BoardIamExpat Webinars
Newsletters
EXPAT INFO
CAREER
HOUSING
EDUCATION
LIFESTYLE
EXPAT SERVICES
NEWS & ARTICLES
Home
Housing
Dutch news & articles
House prices falling faster than predicted, ABN AMRO says
Never miss a thing!Sign up for our weekly newsletters with important news stories, expat events and special offers.
Keep me updated with exclusive offers from partner companies
By signing up, you agree that we may process your information in accordance with our privacy policy

House prices falling faster than predicted, ABN AMRO says

Never miss a thing!Sign up for our weekly newsletters with important news stories, expat events and special offers.
Keep me updated with exclusive offers from partner companies
By signing up, you agree that we may process your information in accordance with our privacy policy
or
follow us for regular updates:



Related Stories

Buying a house in the Netherlands now 5 times more expensive than in 1993Buying a house in the Netherlands now 5 times more expensive than in 1993
Millions of addresses available online after major Dutch data leak Millions of addresses available online after major Dutch data leak
Dutch house prices on the rise again - but only slightly Dutch house prices on the rise again - but only slightly
House prices will continue to fall in 2024, Dutch bank predictsHouse prices will continue to fall in 2024, Dutch bank predicts
The Netherlands short 390.000 homes in 2023 The Netherlands short 390.000 homes in 2023
New Dutch law could force homeowners to sell to low-income earnersNew Dutch law could force homeowners to sell to low-income earners
The Netherlands to see 'significant dip' in construction of new homesThe Netherlands to see 'significant dip' in construction of new homes
Record-breaking 195.000 homes in the Netherlands worth over 1 million eurosRecord-breaking 195.000 homes in the Netherlands worth over 1 million euros
For expats of all colours, shapes and sizes

Explore
Expat infoCareerHousingEducationLifestyleExpat servicesNews & articles
About us
IamExpat MediaAdvertisePost a jobContact usSitemap
More IamExpat
IamExpat Job BoardIamExpat HousingIamExpat FairsWebinarsNewsletters
Privacy
Terms of usePrivacy policyCookiesAvoiding scams

Never miss a thing!Sign up for expat events, news & offers, delivered once a week.
Keep me updated with exclusive offers from partner companies
By signing up, you agree that we may process your information in accordance with our privacy policy


© 2025 IamExpat Media B.V.
© 2025 IamExpat Media B.V.
Feb 10, 2023
Victoria Séveno
Victoria grew up in Amsterdam, before moving to the UK to study English and Related Literature at the University of York and completing her NCTJ course at the Press Association in London. She has a love for all things movies, animals, and food. Read more

While last year saw ABN AMRO predict that house prices in the Netherlands would fall by up to 2,5 percent in 2023, more recent forecasts by the Dutch bank show that house prices are falling faster than initially expected and that the cost of buying a house in the Netherlands will actually fall by 6 percent this year. 

Dutch house prices to fall by 6 percent (not 2,5 percent) in 2023

After about a decade of significant price hikes on the Dutch housing market, the last couple of months have been a turning point for house prices in the Netherlands; the most recent figures from Statistics Netherlands (CBS) and the real estate association NVM show that in the fourth quarter of 2022 house prices fell by an average of 2,4 percent. 

This drop is certainly in line with the forecasts published by both ABN AMRO and Rabobank last autumn, but ABN AMRO has recently revised its predictions. Now, the major Dutch bank reports that prices on the housing market will fall by an average of 6 percent in 2023 and 4 percent in 2024. 

While the bank’s predictions aren’t outside of the realm of possibility, it’s worth noting that the figures reported by ABN AMRO are significantly higher than those forecasted so far by other Dutch banks. ING, for example, says house prices will fall by just 2 percent this year, while the Dutch Central Bank predicts a drop of 6 percent over the course of 2023 and 2024 combined.

Does this year mark a turning point for the Dutch housing market?

ABN AMRO attributes this significant drop to a number of factors, most notably the high interest rates on mortgages and the fact that salaries in the Netherlands aren’t keeping up with rising costs. The trend of overbidding on properties also seems to be dying out, with buyers now more inclined to take their time, consider their options and analyse the quality of the property more thoroughly.

"We were wrong, house prices are falling much faster than we thought," explains ABN AMRO’s housing market economist Philip Bokeloh. “In recent years we were also wrong and we had to adjust the estimates upwards. Now we are in the opposite boat.”

While things do seem to be changing, Bokeloh notes that the falling prices won't make housing in the Netherlands significantly more affordable; "The price drop is less dramatic than it seems, after the frenzied price increases of recent years. We are going back to the price level of mid-2021."

Thumb: T.W. van Urk via Shutterstock.com.

By Victoria Séveno