More holiday homes were sold at higher prices in 2024, despite uncertainty about possible and impending tax measures, realtors’ association NVM has said in a report.

The average price of a holiday home went up to €246,000 last year, up some 8% compared to the 2023 despite a high transfer tax, insecurity about additional tax liability and the planned hike in value added tax on rent from 9% to 21%.

“The market for holiday homes seems to be less sensitive to the relatively unfavourable tax climate and seems to move with the trend in the regular housing market,” the NVM said.

However, the trend could also herald a less happy future for owners. “Holiday homes are a cash cow for the government,” NVM board member Anette Haak-Bronsema said and perks like tax-free rental income may become a thing of the past.

A total of 1,675 holiday homes were put up up for sale last year, up 300 compared to 2023. It is important that the recreational homes market continues to do well because of its contribution to the economy and employment, she said.

However, Haak-Bronsema warned that the higher costs of homes in holiday parks, such as service costs, leaseholds, and maintenance are putting pressure on private investors’ returns.