The Netherlands Sees Surge in Million-Euro Homes

The number of Dutch homes worth over €1 million has skyrocketed, with 3% being apartments. Find out more about this housing trend.

In the past decade, the number of homes in the Netherlands valued at over 1 million euros has seen a significant increase, rising from 14,000 in 2013 to 197,000 last year. This surge in million-euro homes is primarily attributed to the continuous rise in housing prices rather than an increase in the construction of luxury properties, according to data from Calcasa.

Interestingly, 3 percent of the million-euro homes in the Netherlands are apartments, indicating a diverse range of luxury housing options available in the market. In 2013, during the aftermath of the credit crisis, the Dutch housing market hit its lowest point, with a limited number of million-euro homes. However, the market has since rebounded, with over 40 percent of owner-occupied homes now valued at a million euros or more, averaging at 1.35 million euros.

A decade ago, detached houses dominated the million-euro home market, accounting for almost three-quarters of the total. Today, semi-detached houses make up 14 percent, while terraced houses represent 13 percent of the million-euro homes. The shift in housing types reflects changing preferences and trends in the luxury real estate market.

Amsterdam continues to lead in terms of absolute numbers, boasting around 20,000 homes valued at 1 million euros or more. The city's iconic Keizersgracht alone is home to 590 million-euro properties. Other cities with a significant number of million-euro homes include The Hague (9,350), Rotterdam (4,750), Utrecht (3,350), Haarlem (3,200), Amstelveen (3,200), and Heemstede (3,000). Notably, Wassenaar, known for its villas and diplomatic residences, dropped from second place in 2013 to eighth last year, with 2,900 million-euro homes.

For those looking to maximize their investment, Rotterdam offers the most value among the large Dutch cities, with approximately 177 square meters of living space per million euros. In comparison, The Hague and Utrecht offer 165 and 163 square meters, respectively, while Amsterdam provides 125 square meters for the same price.

The Netherlands has witnessed a significant increase in million-euro homes over the past decade, driven by rising housing prices and changing market dynamics. The diversity of luxury housing options, including apartments, reflects the evolving preferences of affluent homebuyers in the country.