Up, up, up! Highest ever increase as housing prices skyrocket

Final 12 months noticed the best improve in home costs within the Netherlands because the NVM started recording in 1995. The rise was highest within the north of the nation, whereas Amsterdam recorded the bottom yearly improve.

Everyone knows that the housing market within the Netherlands is a problem. At present, the most affordable house you should purchase is an residence, which on common will value you €344,000 — 20% greater than it might have final 12 months. In the meantime, the worth of indifferent homes has soared by 23.4% prior to now 12 months, to a median of €618,000 reviews NOS.

Excessive demand and low provide of homes

Within the second quarter of final 12 months, RVM brokered greater than 34,000 present homes. Because of the low provide of property, this was 12% much less gross sales than the 12 months earlier than. Nonetheless, nearly 1 / 4 extra new-build houses have been bought in 2020 than the 12 months earlier than — that quantities to greater than 9,000 proud new owners.

This 12 months, the outlook for potential owners is extra grim. By the center of the second quarter of 2021, lower than 15,500 houses had been listed on the market. That is the bottom quantity ever measured, and fewer than half of the variety of houses that have been bought final 12 months. The availability of new-build houses was additionally a 3rd decrease than final 12 months.

No time to waste

When a home is on the market, consumers must act rapidly — the competitors is cut-throat! In response to the true property affiliation, it takes a median of 24 days for a home to be bought. That’s the shortest interval ever recorded within the Netherlands.

Sadly, the luxurious of selection doesn’t exist in these instances both. On common, consumers have been solely in a position to select from two homes.

Lockdown has modified folks’s priorities

The final 12 months and a half of lockdown and dealing from house has helped many individuals realise that it’s time to flee the rat race. In response to the NVM actual property affiliation, folks have by no means valued their dwelling atmosphere and the influence that it has on their high quality of life as a lot as they do now.

Because of this, many individuals have traded of their shoebox flats in Amsterdam in favour of extra spacious houses in rural areas and the fields of the north.

A transfer to the north

The rise in home costs has been most noticeable within the north of the Netherlands — specifically in areas resembling East Friesland, the highest of Overijssel and Groningen. In these areas, costs have soared by as much as 30%.

Amsterdam has seen the bottom common improve over the previous 12 months. Shopping for a canal home will solely value you 14% extra this 12 months than it might have in 2020 — whoever would have thought Amsterdam would have the bottom inflation. The brokers’ affiliation indicated earlier this 12 months that the strongest wave of pricing will increase within the area is over.

In the meantime, in case you’re planning to purchase a home in The Hague, Rotterdam, and Utrecht, it’ll value you 20% extra this 12 months.

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Characteristic Picture: Oledjio/Depositphotos

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