Thanks to tax breaks, low interest, insufficient construction, and lots of labor immigration, home prices in the Netherlands are increasing at 8% per year.
That way, Dutch home owners (60% of them over 55) are amassing another €170 billion in wealth this year alone.
To put budgets in perspective.

My calculation:
4.7 owner occupied homes *
Average value €450,000 (2024) * increase of 8% =
€169 billion.

Another €43 billion in value increase this year ends up with the owners of the 1.2 million commercial rental homes.