The Dutch government debt was 32 billion euros lower than expected at the end of 2016, according to the Annual Financial Report Finance Minister Jeroen Dijsselbloem presented to the senate and lower house of parliament on Wednesday, ANP reports.
First time home buyers are finding it increasingly difficult to find a home in the Netherlands according to De Hypotheekshop. Homes with price tags below 200 thousand euros are particularly running out, NOS reports.
Housing prices in the Netherlands continue to rise. In March housing prices were 7.3 percent higher than in the same month in 2016 - the biggest price increase in 15 years, according to figures released by Statistics Netherlands and the Land Registry on Friday.
The current price level is still 8.6 percent below the housing prices peak of 2008, but 16.4 percent above the low point in 2013. The average house price is currently at the same level as in April 2006.
The Dutch housing market continues to recover and the recovery can now also be seen in areas outside the big cities and the Randstad, according to quarterly figures by realtors association NVM. Amsterdam is still in the lead when it comes to housing prices. The average price of a home in the Dutch capital was 20 percent higher in the first quarter of this year, compared to the same quarter last year. The national average home price increased by almost 9 percent, the Volkskrant reports.
An increasing number of Dutch tenants find themselves in long-term financial problems, according to a study by the Netherlands' environmental assessment agency PBL. In 2012 a total of 37 percent of tenants were barely able to pay their bills for four years in a row. In 2015 that increased to almost 55 percent, NU.nl reports.
According to the PBL, the increase in households in financial binds can partly be attributed to rising rental prices and housing costs. An influx of new households with relatively low income in the rental sector also plays a role.
Last month the number of sold homes in the Netherlands was almost a fifth higher than in February last year, according to figures from the Land Registry. Compared to January, home sales increased by 7 percent, AD reports.
Last month the Land Registry recorded 17,708 sold homes. Sales increased for all types of housing. The biggest increase was in the sale of detached homes, 35 percent. The smallest increase, 14.7 percent, was in apartment sales.
The average age of homebuyers in the Netherlands increased significantly over the past years, according to figures from Statistics Netherlands and the Land Registry. That can only partly be explained by the increasing age of the Dutch population, and likely has more to do with stricter mortgage rules and rising property prices, according to the statistics office.
On the world rankings for private rental housing Amsterdam is 17th most expensive, according to British startup Nested, who compiled the ranking, AT5 reports.
Nested took a total of 72 major cities world wide and compared them based on income needed to rent a home. In Amsterdam the price per square meter is 22.06 euros and one person pays an average of 860 euros on rent. For that an average annual income of 35,605 euros is needed. The average rent for a family is 1,632 euros, for which an annual income of 67,558 euros is needed.
The number of millionaires in the Netherlands, and in Amsterdam in particular, is still on the rise, Statistics Netherlands announced on Thursday. The statistics office attributes this, at least partially, to the rapidly rising house prices in the country.
The construction of new homes in the Netherlands will see a temporary decline this year, ABN Amro predicts based on the number of building permits issued last year. Between January and November 2016, the bank issued 45 thousand permits for the construction of new housing - a slight decrease from the 49 thousand permits issued in the same period in 2015, ANP reports.
The number of housing construction permits started increasing again in May last year. The bank therefore expects that the decline in the construction of new housing will be short lived and will pick up again in 2018.
In December home prices in the Netherlands were 6.7 percent higher than in December 2015, the biggest increase since May 2002, Statistics Netherlands and the Land Registry announced on Friday.
Throughout 2016 the prices of homes increased about 5 percent, continuing the upward trend of the past years. Compared to the low point in the housing market in June 2013, house prices in the Netherlands increased nearly 14 percent. The average price for an existing home is now back at the level of November 2005, but still 11 percent below the peak level of August 2008.
Housing prices in Amsterdam increased a massive 23 percent last year, according to figures from the Dutch association of realtors NVM. The national average housing price increase was 9 percent, RTL Nieuws reports.
The average home in the Netherlands now costs about 20 percent more than in the low point of the financial crisis, the third quarter of 2013. The value of houses in Amsterdam is already well over half again as high.
Last year was a good year for real estate in the Netherlands. In 2016 investors spent a massive 13.15 billion euros on Dutch real estate, breaking the 13.15 billion euros record set in 2007, on the eve of the global property bubble burst, Financieele Dagblad reports based on figures from real estate advisor CBRE.
According to the newspaper, the record year can be attributed to a combination of an abundance of capital, a lack of alternative investments, the exceptionally low interest rates and a strong economic recovery.
The Dutch economy will show solid growth again this year, though it will be weaker than in 2016, ING's Economic Bureau predicts in estimates published on Friday. The bank expects 1.6 percent growth this year, compared to 2.2 percent last year, ANP reports.
The number of house sales across the Netherlands will continue to increase this year, but is expected to start a decline in 2018, according to ABN Amro economists in their new Housing Market Monitor, the Telegraaf reports.
The economists expect that 5 percent more homes will change ownership this year than in 2016. Last year 20 percent more homes were sold than in 2015. But in 2018 the number of sold homes will decrease, according to the economists. And the price increases will become more moderate.
Rents in the private sector in the Netherlands increased again in the third quarter. The average rent increased by 6.2 percent, compared to the same quarter last year, letting agent Pararius reported on Friday, according to the Telegraaf.
The average rent rose from 13.27 euros per square meter in 2015 to 14.11 euros per square meter. According to Pararius director Jasper de Groot, the increase can partly be attributed to a shortage of rental housing for people with mid level incomes in the Randstad.
Too strict and unnecessary mortgage rules make it needlessly difficult for many Dutch to buy a home, according to Maxime Verhangen. The former Foreign Affairs Minister and current president of Construction Netherlands is calling for the rules to be relaxed
The overheating Dutch housing market is making it harder for first-time buyers to enter the market, according to realtors' association NVM. The downsides of an improving housing market are becoming more visible, the association said based on its third quarter figures
Amsterdam homeowners who leave their homes empty for more than six months without a valid reason, may soon face a hefty fine. The municipality hopes to tackle the stalled housing market in the capital by fining vacancy and, if push comes to shove, self putting residents in vacant homes
The so-called "Amsterdam effect" accounts for a quarter of the increase in housing prices in the Netherlands, according to Rabobank in its quarterly report of the Dutch housing market. Without the overheated Amsterdam market, the average house price would have increased by 3.4 percent in the second quarter, compared to the previous year, and not 4.4 percent as happened
Prices for existing homes in the Netherlands increased by 4.9 percent in July, the biggest price increase in almost 12 years, according to Statistics Netherlands and the Land Registry.
It seems that rent prices in Amsterdam's private sector are finally stabilizing. Last quarter the rent price for a private sector home in the city was below 22 euros per square meter, lower than the two previous quarters, according to rental site Pararius.nl. "On balance, the rent on private housing was stable for three quarters", director Jasper de Groot said
Existing home prices in Amsterdam continue to skyrocket as the housing market in the Netherlands recovers. In the second quarter of this year, existing home prices in the Dutch capital were almost 15 percent higher than the same time last year and about 7 percent higher than when the housing market reached its peak in 2008, according to figures released by Statistics Netherlands on Thursday.
GroenLinks wants to ban Amsterdam residents renting their homes to tourists through sites like Airbnb if it turns out that this increases housing prices in the city