Million-Euro Homes Surge by 243% in Five Years, Record 223,000 in the Netherlands
The Netherlands now counts a record 223,000 homes worth over €1 million, a 243% rise since 2020 according to Calcasa data. This explosive growth reshapes the market and carries implications for buyers, sellers, and renters alike.
Guide last updated on: October 11, 20264 min read
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Table of Contents
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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.
Explosion of Million-Euro Homes in the Netherlands
The Dutch housing market has experienced an unprecedented shift over the past five years: the count of homes valued at more than €1 million has jumped from around 65,000 in 2020 to a record 223,000 today, marking a staggering 243% increase.
According to Calcasa’s annual review, 2023 saw a further 13.5% rise in million-euro properties compared to 20221. The average value of these homes now stands at €1.35 million—also an all-time high. Analysts point to a combination of low interest rates, limited supply, and sustained buyer demand as the engines behind this explosive growth.
Changing Profile: From Luxury Villas to Everyday Homes
Gone are the days when million-euro listings only meant sprawling country estates or canal-side penthouses. Today’s high-end segment increasingly features:
Apartments: Urban flats now account for roughly 70% of million-euro homes in Amsterdam, many located outside traditional hotspots such as the Vondelpark area.
Terraced Houses: Simple row houses in cities like The Hague, Utrecht, and Haarlem frequently breach the €1 million threshold, reflecting strong demand for centrally located homes.
Semi-Detached and Corner Homes: In suburban municipalities such as Amstelveen, Leiden, Delft, and Rijswijk, semi-detached properties have seen the highest growth rate among million-euro listings.
“One could hardly have imagined five to ten years ago that a simple mid-terrace house could fetch over a million euros,” notes Lennart Rhee of Calcasa. The broadening definition of “million-euro home” underlines just how far prices have risen across the board.
Regional Highlights Across Dutch Municipalities
While the trend is national, some cities lead the pack:
• Amsterdam: 23,000+ million-euro homes, with only 6% detached houses and the remainder predominantly upscale apartments.
• The Hague & Utrecht: Terraced houses are now the most common million-euro segment, signalling strong inner-city demand.
• Haarlem, Leiden, Delft, Rijswijk: Rapid growth in semi-detached and corner properties overtaking traditional villas.
In 95% of Dutch municipalities, detached villas still make up the majority of million-euro homes. However, the bar for reaching €1 million has never been lower, even outside major urban centres.
Implications for Buyers and Sellers
First-Time Buyers
Skyrocketing prices have turned the dream of homeownership into a high-stakes game for newcomers. Many first-time buyers find themselves squeezed out of central neighbourhoods or forced to compromise on size and location.
Long-Term Homeowners
For those who have held property for years, the boom has unlocked significant equity gains. Some are choosing to downsize or reinvest their profits in holiday homes, buy-to-let portfolios, or renovations—further stimulating the market.
Sellers
Properties at or near the million-euro mark attract strong interest from both domestic and international buyers. Well-staged listings can command bids beyond asking price, particularly in sought-after neighbourhoods.
Effect on the Rental Market
As sales prices ascend, rental markets feel the ripple effects. Landlords owning high-value properties often raise rents to maintain yield, especially in city centres:
Increased Rents: Landlords passing on higher mortgage and tax costs contribute to rising asking rents.
Reduced Availability: Some homeowners opt to sell rather than rent, tightening the rental supply.
Pressure on Huurtoeslag: The Dutch rent allowance (huurtoeslag) system faces strain as more tenants exceed the income or rent caps for support.
For tenants seeking affordable options, exploring surrounding municipalities, flexible roommate arrangements, or newer developments can help mitigate the cost squeeze.
What’s Next for the Dutch Housing Market?
With macroeconomic headwinds and the European Central Bank signalling potential rate rises, growth may cool or plateau in the short term. However, structural factors—such as limited land availability, strong urbanisation trends, and a historically low housing stock—suggest elevated price levels could persist.
Developers and policymakers are under pressure to boost housing supply through urban renewal, infill projects, and sustainable neighbourhoods. Meanwhile, prospective buyers and renters should monitor market signals closely and set realistic budgets.
Conclusion
The milestone of 223,000 million-euro homes in the Netherlands reflects both extraordinary growth and deepening affordability challenges. Whether you are looking to buy, sell, or rent, staying informed and agile is more important than ever.
Start your search with confidence and explore thousands of current rental listings on Luntero, the easiest way to find your next home in the Netherlands.
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.
