House prices in 2025 are soaring just like last year

• House prices expected to rise by 8.7% in 2025 and 3% in 2026

• Number of transactions up by 12.5% this year due to investment property sales

• Price rise driven mainly by income growth and housing shortage

House prices continue to climb in 2025 and 2026

Dutch house prices will see significant growth again this year. In the period up to August, prices were 7.7% higher than in 2024. ABN AMRO expects this upward trend to continue in 2025, revising its forecast for the year from 8% to 8.7%. The forecast for 2026 remains unchanged at 3%. According to the bank, this price growth is driven by rising wages, although the pace of income growth is likely to slow in 2026. This could reduce housing demand, concludes ABN AMRO in the latest edition of its Housing Market Monitor, released today.

Transactions still rising; peak appears to be over

The number of transactions remains at a record high, mainly due to the sale of investment properties. During the first eight months of the year, there were 149,534 transactions – 16% more than in the same period in 2024. This surge in sales is largely due to the Affordable Rent Act and higher taxes on property investments. The effects of this ‘transaction booster’ have largely been factored into this year’s forecast. As a result, ABN AMRO has kept its prediction unchanged, expecting an increase of 12.5% in 2025 and 1% in 2026. The bank believes the surge in investor sales has largely stabilised.

Shrinking regional price gaps signal end of housing boom

ABN AMRO observes that regions with initially lower price levels, such as rural provinces, experienced stronger price growth between 2019 and 2025 than areas with initially higher prices, like Amsterdam. “This suggests that regional price differences are narrowing. It could be a sign that the overall pace of house price increases is slowing,” says Mike Langen, Senior Housing Market Economist at ABN AMRO. “At the same time, we see that housing supply is still lagging. The number of new-build homes is barely increasing. This means the target of 100,000 new homes per year is slipping further out of reach. As a result, the pressure on the housing market hasn’t eased yet.”