The Hague is a coastal city in the west of the Netherlands, serving as the capital of the South Holland province. Situated on the North Sea, its low-lying terrain is also shaped by waterways such as the Haagse Trekvliet and the Koninginnegracht. As a major administrative centre, it houses the Dutch government and parliament, alongside numerous international judicial institutions and foreign embassies, which form the backbone of the local economy.
The city's housing market is priced in line with the national average, though costs vary significantly between neighbourhoods. Centrum holds the largest share of the housing stock and commands prices well above the city average. Wateringse Veld and Segbroek are also expensive residential areas, with Wateringse Veld standing out as the dearest of the major districts. In contrast, Leyenburg offers a substantial amount of more affordable housing, while smaller districts like Moerwijk and Oostbroek-Zuid are the cheapest parts of the city.