Amsterdam house prices under pressure in Q1 2025: a turning point or temporary dip?

Amsterdam at Home brokers are the specialists on the Amsterdam housing market and we use our own data model to analyze the market
The Amsterdam housing market is known to be unpredictable, but Amsterdam at Home's figures from the first quarter of 2025 show something that hasn't happened in a long time: falling house prices Amsterdam. Is this a signal of structural change, or just a temporary respite in an overheated market?

The numbers don't lie

For the first time in years, the average selling price of a home in Amsterdam is falling slightly. Whereas at the end of 2024, people were still paying well over €700,000 for an average home, the average price in Q1 2025 is now around €664,000, a drop of about 3%. In some neighborhoods, such as Nieuw-West and parts of Noord, the price drops are even sharper, up to 5%.

The square meter price (m2 price Amsterdam) also shows a nod: from an average of €8,450 at the end of last year to €8,350 now.

Amsterdam within the ring road Q1 2025

House prices in Amsterdam within the ring road and neighborhoods such as Amsterdam Center, Oud Zuid, de Pijp etc show a similar picture;
The average square meter price decreased by 1.1% to €9023,- and the average transaction price decreased by 2.2% to €708,000,-.

What's behind the drop in square meter prices in Amsterdam?

Several factors come into play simultaneously:

Mass pumping out by investors: Due to new regulations and fiscal pressure, many private landlords have put their properties up for sale. As a result, supply has increased significantly, especially in the apartment segment. And where there is more supply, the pressure on price drops.
Tighter mortgage rules and the still high interest rate (around 4%) limit what buyers can borrow. That directly depresses bids.
Waiting buyers: After years of overbidding, more and more people are choosing to wait. "We don't want to pay the top price if it gets cheaper later," it sounds at the negotiating table. Homes with nice finishes and recently renovated do still get plenty of overbids.

Temporary correction or new chapter?

That is the question. Analysts differ in their opinions. Some banks expect a stabilization in the second half of the year, others think the decline will continue if economic uncertainty persists. One thing is certain: the Amsterdam housing market has lost its natural upward trajectory for a while.

What does this mean for buyers and sellers in the Amsterdam housing market?

For buyers, this may be the time to strike, especially for those who have been on the sidelines for years. For sellers, it means: realistic pricing is more important than ever. The days of "everything sold anyway" seem to be behind us for a while.