| Study Period | 2020 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Historical Data Period | 2020 - 2023 |
| CAGR | 3.00% |
| Market Concentration | Medium |
Major Players *Disclaimer: Major Players sorted in no particular order |
Netherlands Luxury Residential Real Estate Market Analysis by Mordor Intelligence
The Netherlands Luxury Residential Real Estate Market is expected to register a CAGR of greater than 3% during the forecast period.
- The luxury residential real estate market increased in the past three years due to the COVID-19 pandemic. The demand for luxury properties grew much faster than the residential market. COVID led to a renewed focus on living spaces. Affluent people are no longer looking at real estate as just an investment. They are looking for living spaces where they can experience the serenity and enjoy outdoor spaces such as gardens and terraces rather than indoor spaces. Also, many people in the middle class are searching for better homes that encourage work-from-home policies.
- The growth in the market is driven by the growing number of High Net Worth Individuals (HNWIs). These HNWIs want to diversify their portfolio with non-traditional investments instead of equities and bonds, including luxury real estate. Investors in the Netherlands buy luxury property for two main reasons. First, for leisure purposes - owning a holiday home they can use in their free time and second, to earn an income. They buy property for rental income and capital gains. The number of people buying luxury real estate for rental income increased in the past 2-3 years.
- The increasing popularity of micro-trips also impacted the luxury homes market. Micro-travel - a short trip of fewer than five days - is one of the hottest trends in the luxury travel market. Therefore, seeking rental income from luxury real estate is the obvious choice for investors. Luxury real estate buyers looking for rental income prefer investing in apartments rather than villas, mansions, or detached houses. Luxury property buyers prefer residential real estate in central areas of cities rather than suburbs.
Netherlands Luxury Residential Real Estate Market Trends and Insights
Growing Number of High Net Worth Individuals Driving the Market
The Netherlands ranked as having the seventh highest disposable income in Europe. The data is based on FSO's (Federal Statistical Office, Switzerland) survey of 30 European countries. As the disposable income of the households grows, so does the number of High Net Worth Individuals (HNWIs). In the third quarter of 2022, the gross disposable income of Dutch households was EUR 117.7 billion (USD 124.93 billion). It was a 10% increase from Q3 2021. The number of millionaires in the Netherlands continuously grew for the seventh consecutive year. According to a study commissioned by the Cabinet, the richest 1% of Dutch households own 26% of the country's total wealth. The wealthiest 1% own no less than 75% of all substantial business interests in the Netherlands. For them, this interest constitutes 60% of their total assets.
It is estimated that the number of individuals in the Netherlands with a net worth of over USD 5 million reached almost 50 thousand in 2022. An increase in luxury residential real estate property purchases followed the increase in HNWIs. These HNWIs want to upgrade their lifestyle. They are willing to spend their money to buy apartments in major cities, holiday homes, and vacation homes. These individuals with good financial knowledge see luxury properties as good investment opportunities. Also, the new individuals entering the millionaire bracket seek to buy luxury properties for a lifestyle upgrade. Thus, the increase in HNWIs in the Netherlands is driving the country's luxury residential real estate growth.
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Smart Homes Set to Redefine Luxury Housing
A shift is happening in terms of what used to be called luxury housing. Earlier, home buyers considered large houses with opulent designs and amenities at prime locations luxurious. Beyond traditional means, customers are now looking at improving the quality of their life by integrating technology. Emerging trends reflect that technology will be at the core of luxury living. It will redefine the luxury home concept in the Netherlands. For luxury home buyers, digitally enabled homes offer ease and comfort from the tedious everyday tasks that consume one's time. Advanced technologies like Artificial Intelligence (AI) and Machine Learning (ML) enabled developers to introduce many tech-led premium features that will drive customer preferences in the luxury housing market. There is a rising demand for innovative home products in the country.
Revenue in the Smart Home market in the Netherlands is projected to reach USD 1.91 billion in 2023. Nearly 75% of the Dutch population aged 12 and over currently owns one or more devices connected to the internet and transfers data to one another without human intervention. Smart meters for water, gas, or electricity are particularly popular. Statistics Netherlands (CBS) reported this after a survey on ICT usage among households and individuals conducted among 6.5 thousand people aged 12 and over. 59% had a smart water, gas, or electricity meter at home that could be read remotely. Over a quarter used a smart thermostat, and two in ten used a virtual assistant (e.g., Siri, Google Home, Amazon Alexa, Bixby) that can be controlled via an app or a smart speaker. Lighting, smart plugs, or other systems for smart living, smoke detectors, security cameras, or other security systems are less commonly used by people: 14% and 11%, respectively. They used such systems at home. In the Smart Home market, active households are expected to reach 7.26 million users by 2027.
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Competitive Landscape
The luxury residential real estate market in the Netherlands is competitive with the presence of local and international players. The Netherlands Luxury Residential Real Estate Market can be defined as a semi-consolidated market. Some of the top players in the market are BPD, Provast, Vorm, Volker Wessels, and Heijmans. The growing presence of international funds and foreign capital is increasingly attracting domestic developers to include joint ventures to gain a foothold in the country and enhance their financial strength and management expertise.
Netherlands Luxury Residential Real Estate Industry Leaders
BPD
Provast
Vorm
Volker Wessels
Heijmans
- *Disclaimer: Major Players sorted in no particular order
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Recent Industry Developments
- May 2022: The construction of the new Klipper district in the port area of Spijkenisse started officially. The Rotterdam project developer and builder VORM is responsible for the construction of a total of 48 sustainable and smart homes. The energy-neutral new housing estate, with single-family homes, townhouses, and sturdy quay houses, is part of the Port, the overarching area development De Elementen. The completion of the Klipper subproject is planned for the end of 2023.
- April 2022: BPD (Bouwfonds Gebiedsontwikkeling), an area developer that realizes attractive living environments in the Netherlands and Germany, included showing the house in a 3D model as a part of their purchase contract. For the first time at BPD, interested parties and new-build home buyers will see all technical and legal information about their newly built home in a virtual 3D model. Previously buyers at BPD could already buy their new home online. This innovation is the next step. In the 3D model, the buyer finds all the information about his home in 3D, which is visible on his computer.
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Netherlands Luxury Residential Real Estate Market Report Scope
Luxury residential real estate is large houses with opulent designs and amenities at prime locations. The report covers market dynamics and insights, such as government regulations, technological trends, etc. Additionally, the report provides company profiles to understand the market's competitive landscape.
The Netherlands luxury residential real estate market is segmented by type (apartments, condominiums, villas, and landed houses) and cities (Amsterdam, Rotterdam, The Hague, and other cities). The report offers market sizes and forecasts in value (USD billion) for all the above segments.
By Type
| Apartments and Condominiums |
| Villas and Landed Houses |
By City
| Amsterdam |
| Rotterdam |
| The Hague |
| Other Cities |
| By Type | Apartments and Condominiums |
| Villas and Landed Houses | |
| By City | Amsterdam |
| Rotterdam | |
| The Hague | |
| Other Cities |
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Key Questions Answered in the Report
What is the current Netherlands Luxury Residential Real Estate Market size?
The Netherlands Luxury Residential Real Estate Market is projected to register a CAGR of greater than 3% during the forecast period (2025-2030)
Who are the key players in Netherlands Luxury Residential Real Estate Market?
BPD, Provast, Vorm, Volker Wessels and Heijmans are the major companies operating in the Netherlands Luxury Residential Real Estate Market.
What years does this Netherlands Luxury Residential Real Estate Market cover?
The report covers the Netherlands Luxury Residential Real Estate Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Netherlands Luxury Residential Real Estate Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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Netherlands Luxury Residential Real Estate Market Report
Statistics for the 2025 Netherlands Luxury Residential Real Estate market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Netherlands Luxury Residential Real Estate analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
