Skip to main content
Home

Main navigation

  • Top stories
  • Health
  • Crime
  • Politics
  • Business
  • Tech
  • Culture
  • Sports
  • Weird
  • 1-1-2
Image
Sold sign
Sold sign - Credit: Photo: ArturVerkhovetskiy/DepositPhotos
Business
housing market
home prices
ABN Amro
low interest rate
Philip Bokeloh
housing shortage
Friday, 10 January 2020 - 16:50
Share this:
  • facebook
  • twitter
  • linkedin
  • whatsapp
  • reddit

Home prices in NL to increase 4% this year: ABN Amro

The price increases on the housing market in the Netherlands will level off this year, but prices will still rise, according to analysts at ABN Amro. They predict that home prices will increase by 4 percent in 2020, compared to last year's 7 percent increase, NU.nl reports.

"The housing market will receive less support from the economy the coming year," ABN Amro economist Philip Bokeloh said. "We think GDP growth will be reduced to 1 percent. In addition, stricter lending standards will put a brake on price rises. Although the second income plays a bigger role from now on, families are allowed to borrow less based on their income."

But house prices will continue to increase thanks to the low interest rates and the small supply on the housing market, Bokeloh added. Especially buyers with a lower budget have few options to choose from. The number of issued permits for housing construction is also declining, which means that the number of newly built homes will likely be lower than expected. 

Follow us:

Latest stories

  • Pure Goat Company issues recall over possible plastic in baby formula powder
  • FC Barcelona wants to do everything possible to keep Frenkie de Jong
  • Explosive planted at home in Tienhoven, police investigate connection to earlier explosion
  • Nude bicyclists cycle through Amsterdam for annual Naked Bike Ride
  • Dutch MP’s ready to ban video game loot boxes, citing manipulation
  • Many people support farmers' cause, not method; Remkes appointed as mediator

Top stories

  • House fire in Waalwijk apartment sends 3 to hospital
  • NS presents new, fast intercity train
  • Logistics companies warn of delay due to farmers protest
  • Dutch Central Bank and province of Noord-Holland apologize for historic roles in slavery
  • Schiphol and Eindhoven Airport prepare for farmer protests, traffic blockades
  • Fmr. Dutch national football coach accuses colleagues of rape

© 2012-2022, NL Times, All rights reserved.

Footer menu

  • Privacy
  • Contact
  • Partner content