Deloitte Property Index


Deloitte Property Index 2023

Overview of European Residential Markets

We are delighted to present the 12th edition of the Property Index - Overview of European Residential Markets. Since the first edition of Property Index, it has become one of the most influential and comprehensive reports that accurately survey Europe's residential real estate markets and has proven to be a valuable source of information for professionals, institutions and the general public.

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 take into account the ongoing geopolitical situation as a result of the Russian invasion of Ukraine. This invasion has undoubtedly exacerbated the energy crisis in a number of European countries. In addition, it is worth mentioning that the rise in interest rates for newly issued mortgages has had a significant impact on the residential market, leading to a fall in the number of sales. Finally, sustainable investment, known under the acronym ESG, has made a significant difference to the various national housing markets, as it has been noticeably put into practice by the governments of each country.

In the fourth quarter of 2022, for the first time in nine years, Dutch house prices decreased by 2.4% compared to the previous quarter. This is mainly driven by increased interest rates and an increase of supply of existing stock. The housing shortage in 2022 in the Netherlands was 315,000 units. Approximately 74,000 new dwellings were completed, which is the highest number of newly built houses since 2012 but still lower than the targeted yearly supply of 100,000 per year.

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

Deloitte Property Index 2023
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