Deloitte Property Index 2024

The main purpose of the Property Index is to analyze significant factors that contribute to the state of local housing markets and to compare residential property prices across different cities and countries in Europe.

Even though the aim of this publication is to provide readers with a comprehensive overview of the European housing markets over the past year, it is important to consider that the European market is still recovering from the energy crisis, with a slow growth rate forecasted for 2024. Interest rates are declining but remain higher than pre-crisis levels. The relatively high interest rates for newly issued mortgages have therefore still had a significant impact on the residential market, especially in urban centers. Furthermore, the European residential market is adapting with a focus on sustainability, affordability, and technology-driven efficiencies.

With respect to the Netherlands, the report highlights the complexities and challenges facing the Dutch residential market. The current uncertainty regarding rental legislation and fiscal measures for investors is expected to affect the Dutch rental market in 2024. Moreover, the Dutch market is characterized by a significant housing shortage (390,000 units), relatively high mortgage rates, and ongoing regulatory challenges that impact both the availability and affordability of housing and make it difficult for first-time buyers to enter the market.

The authors of this year’s edition of the Property Index hope that you will find this publication interesting and that it will provide you with deep insights and valuable information.