Overbidding is back again, as our latest quarterly figures show. The trend of overbidding was still decreasing drastically until the second half of last year. From Q2 2022 to Q2 2023, outbidding became less frequent and less frequent. Since the past quarter, however, it has been seen that more than half of transactions are again outbid (55.6%), and the percentage of outbids is also increasing again.

Percentage of overbids per quarter graph

The dip that has been visible since 2022 seems to have disappeared completely. The most recent figures from 2024 show that there is outbidding in no less than 55.6% of cases. “There has been a quality housing shortage in the Netherlands for some time,” says Luke Liplijn, CEO Matrixian. “Hardly any new housing units are being built, interest rates are stabilizing and wages are rising. The number of outbids in the Netherlands will therefore increase further and the average amount that is outbid will also increase.”

Overbids per quarter graph

Overbidding per municipality

The map of the Netherlands shows per municipality how much on average was under- or overbid in Q1. The interactive version can be found here. The data shows that the number of overbids is increasing again compared to the last quarter of 2023. On average, the overbids are 2% of the asking price. The last time it was above this percentage was in the last quarter of 2022.

The high percentages of overbidding can be found in the following municipalities:

  1. Opmeer: +13%
  2. Nieuwegein: +8%
  3. IJsselstein: +8%
  4. Utrecht: +8%
  5. Diemen: +7%

The municipalities with the largest underbidding are:

  1. Ameland: -11%
  2. Sluis: -7%
  3. Laren: -3%
  4. Achtkarspelen: -3%
  5. Rozendaal: -3%

How much is on average overbid map

About the research

For this analysis we used the most recent data of housing transactions in Q1 2024. The percentages indicate the average difference between the asking price and the final transaction price per municipality. This research provides a detailed overview of overbidding per municipality and how much overbidding is taking place in the current market.