The Dutch real estate market in 2024 is in an interesting phase, with both challenges and opportunities. On the housing market side, we see that after a period of stabilization in 2023, house prices are starting to rise again. The demand for homes remains high due to a persistent housing shortage, but due to increased mortgage rates, borrowing capacity has become somewhat more limited for many people. This means that buyers need to adjust their expectations, although the positive news is that bidding over the asking price is now less frequently necessary. Nowadays, you can more often make an offer closer to the asking price, which is a relief compared to the extreme bids of recent years.<\/p>\n
For sellers, the situation is also improving. Prices are steadily rising, and more interested buyers are entering the market. However, sellers are now more likely to sell their current home before buying a new one, which is a reversal compared to the trend of recent years.<\/p>\n
In the commercial real estate market, conditions are a bit more difficult. Higher interest rates and economic uncertainties have caused a cooling down, especially for larger transactions. Nevertheless, some improvement is expected later in 2024. In particular, sustainable office spaces remain in demand.<\/p>\n