Figures from the Dutch real estate agents’ association NVM show that the supply of housing in the Netherlands continues to shrink, with 23% fewer houses changing hands in the final quarter of 2021, when compared with the year-earlier period.

At the same time, the average price of an existing home rose almost 21% to €438,000 while for new builds, the increase was 14%, to €466,000. Some 80% sold for more than the asking price.

‘Homeowners are not putting their property up for sale without the prospect of finding another suitable one,’ NVM chairman Onno Hoes said. ‘The completion and realisation of new construction is stagnating… which is why we need to increase the volume of new construction quickly.’

According to NVM figures, just 8,800 new homes were put on the market in the final quarter of 2021, down 22% on 2020 and the lowest figure since 2013. Of them, 40% cost more than €500,000 and around one thousand more than €1m.


Hoes called on new housing minister Hugo de Jonge to set up what he called a “Construction Stimulation Team” which would include a wide range of organisations from across the real estate and public sector, and which would support the minister constructively with advice and help accelerate the construction process.

The new cabinet has set a target of building 100,000 new homes every year in an effort to meet demand. ‘People have to be able to count on the security of having their own home,’ De Jonge said in a ministry video message.

Economists point out that even if the government’s plans are realized, new homes are not built overnight and there will be little impact in the short term.


Real estate agent Lana Gerssen, who heads the NVM’s residential section, said that certain groups are already being blamed for the current shortage of homes. ‘Pensioners are being told [they are a problem] because they do not want to move,’ she said. ‘But that is too easy. There are no homes on offer which are suitable for this group.’

Gerssen said there is a role for the real estate sector in solving this, by mapping supply and demand. ‘This will enable us to help local, regional and national government with their housing policy issues,’ she said.

Dutch developers’ association NEPROM has already welcomed the new government’s plans, saying the resources earmarked for housing will make it possible for the new minister to be effective, as long as he has a proper coordinating role across all the government departments involved in the process.