ABN AMRO also expects the housing market to cool down next year

ABN AMRO forecasts a cooling of the Dutch housing market in the coming year, driven primarily by sustained high mortgage interest rates and anticipated European Central Bank policy adjustments. While the bank raised its annual price growth expectation for this year from 3 percent to 3.8 percent due to strong performance in the first half, it has lowered growth forecasts for 2027 from 4 percent to 2.5 percent. Additionally, housing transaction volume projections for 2027 have been revised downward to a 5.5 percent decline.Regional data indicates significant disparities, with rural areas like Groningen, Drenthe, and Gelderland experiencing substantial price increases that currently bolster the national average. Conversely, growth in major urban centers is decelerating, with Amsterdam serving as a notable indicator. In the capital, year-over-year price growth reached only 0.8 percent in the second quarter, significantly trailing the national average. ABN AMRO suggests that the trend observed in Amsterdam may eventually reflect across other regions of the Netherlands as the market matures.