Dutch Housing Market Cools: Increased Supply and Reduced Overbidding
The Dutch housing market is showing clear signs of cooling, with more homes on sale, lower overbidding rates and a dampening of price increases in Q3.
NL Rental News
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Further Reading on Renting in the Netherlands
Dutch Rent Caps 2025: What a 4.4% Private Sector Increase and 6.1% Mid-Market Rise Mean for You
Discover how rent caps in the Netherlands will change in July 2025, with private sector rents set to rise by 4.4%, mid-market by 6.1%, and social housing by 4.1%. Learn what this means for tenants and landlords.
NL Rental News
The Ultimate Guide to Renting Serviced Apartments in the Netherlands
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Dutch homeowners will see municipal housing costs rise by an average of 3.9% in 2026, pushing the annual bill above €1,000 for the first time ever.
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NL Rental News
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Understand Dutch rental terms before you sign the lease.
Renting in the Netherlands comes with unique rules, legal phrases, and housing abbreviations that can be tricky. The Luntero Rental Glossary is your guide to every rental term — from tenancy agreements, deposits, and agency fees to utility charges, rent control, and tenant rights. Whether you’re new to renting, moving as an expat, or just want to avoid hidden costs, our glossary helps you rent smarter, negotiate better, and protect yourself from mistakes.
Dutch Housing Market Cools: Increased Supply and Reduced Overbidding
The Dutch housing market is finally showing signs of easing its once relentless upward spiral. In the third quarter of this year, approximately 64,000 owner-occupied properties changed hands—9.2% more than during the same period last year. At the same time, for the first time in over six months, the average buyer paid less above the asking price, and bidding wars became marginally less frequent. Experts predict that this cooling trend will continue well into 2024, tempering the rapid property value growth Dutch homebuyers and sellers have endured.
Rising Supply Fuels a Cooler Market
A key driver behind the market’s shift is a notable increase in supply. By the end of September, around 45,000 homes were listed for sale, up from roughly 41,000 at the start of the summer months. The most prominent supply boost has come from private landlords selling off rental units to the owner-occupied segment—largely in response to more stringent rent regulations and upcoming tax adjustments in the rental sector.
Landlord portfolio shifts: New rent ceilings and changes in mortgage interest relief have prompted many landlords to reconsider their investments in the private rental sector.
Seasonal listing growth: Traditionally, the mid-year period sees more homes come to market; this year’s uptick outpaced last summer’s listings by nearly 10%.
This influx of additional properties has contributed to a more balanced dynamic between supply and demand, giving prospective buyers greater choice and reducing the sense of scarcity that has fuelled supercharged price growth.
Overbidding Trends Finally Ease
After months of record-breaking overbidding, data shows that in September buyers paid on average 5.2% above the asking price—a decline from 5.5% in August. Moreover, overbidding occurred in 73.0% of all transactions, down slightly from 73.9% the previous month.
Fewer buyers are now caught in bidding wars, and the overall number of viewings per property dropped 12.3% from August to September. Industry analysts interpret these changes as the market correcting itself after an extended period of overwhelming competition.
Why the Cooling Will Persist
According to market observers, several factors suggest this cooling phase is far from over:
Landlord Sell-Off Effects: As private landlords continue to divest rental stock in response to rent regulation and anticipated tax reforms, supply will remain elevated through mid-2026.
Mortgage Rate Pressure: With borrowing costs still above the historic lows seen during the pandemic, some buyers are holding back, further reducing demand.
Economic Uncertainty: Global economic headwinds, rising inflation and concerns over wage growth have made many households more cautious about committing to large mortgage loans.
These elements are expected to suppress annual average price increases, preventing the double-digit growth rates that characterised the past two years.
Implications for Buyers and Sellers
For Buyers
• More negotiating power: Increased listings and fewer competing offers mean buyers can negotiate closer to the asking price.
• Greater selection: A wider range of house types and neighbourhoods are now within reach as previously rare properties enter the market.
• Financing options: While mortgage rates remain elevated, the less frenzied market gives buyers extra time to secure the best financing deals.
For Sellers
• Pricing strategy critical: Sellers must set realistic asking prices to attract interest without relying on bidding war premiums.
• Longer time on market: Properties may take several weeks longer to sell, so staging and presentation are increasingly important.
• Targeted marketing: Highlighting unique property features and local amenities can help stand out in a less pressured market.
Outlook into 2024 and Beyond
Industry forecasts suggest modest price growth of 3–5% in the coming year, a sharp slowdown compared to the 10–15% annual gains of recent years. The combination of steady supply from landlord sell-offs and ongoing macroeconomic uncertainties points to a market that is stabilising rather than crashing.
Local municipalities (gemeenten) may adjust housing policies or incentives to stimulate certain segments, such as first-time buyers. Meanwhile, housing associations (woningcorporaties) could play a larger role in offering social and mid-market rentals, further influencing supply.
Conclusion
After years of frenzied competition, the Dutch housing market is finally cooling down. With more homes on the market and fewer bidding wars, buyers gain leverage while sellers need a refined pricing strategy. This more balanced environment is expected to persist into 2024, offering a welcome reprieve from the brunt of recent price surges.
Looking for your next rental in this evolving market? Discover a wide array of listings and expert support at Luntero, the easiest way to find your ideal home in the Netherlands.
Luntero Rental Glossary
Understand Dutch rental terms before you sign the lease.
Renting in the Netherlands comes with unique rules, legal phrases, and housing abbreviations that can be tricky. The Luntero Rental Glossary is your guide to every rental term — from tenancy agreements, deposits, and agency fees to utility charges, rent control, and tenant rights. Whether you’re new to renting, moving as an expat, or just want to avoid hidden costs, our glossary helps you rent smarter, negotiate better, and protect yourself from mistakes.
