Skip to main content
Home

Main navigation

  • Top stories
  • Health
  • Crime
  • Politics
  • Business
  • Tech
  • Culture
  • Sports
  • Weird
  • 1-1-2
Image
Small home for sale
Small home for sale - Credit: Kloeg008 / DepositPhotos - License: DepositPhotos
Business
housing market
ABN Amro
Philip Bokeloh
consumer confidence
coronavirus vaccine
unemployment
dutch economy
Tuesday, 12 January 2021 - 17:00
Share this:
  • facebook
  • twitter
  • linkedin
  • whatsapp
  • reddit

NL home prices to increase 5% this year: ABN Amro

The Dutch housing market will continue to perform well in 2021, with the average price of a home increasing around 5 percent this year, ABN Amro's Economic Bureau said on Tuesday, NU.nl reports.

The price increases of the past six months will have a spillover effect on home prices in the coming year, the economists expect. The pandemic also hasn't had a major negative effect on consumer confidence so far, and the arrival of Covid-19 vaccines is a reassuring prospect for many.

The bank expects that the housing market will only feel the weakened economy once higher unemployment starts to realize. This will happen when the government's coronavirus support measures run out. The low mortgage interest rate will also eventually lose momentum, the bank expects.

"Central banks continue to stimulate, but there is little room for a sharp fall in mortgage rates and a further improvement in the affordability of owner-occupied homes," housing market economist Philip Bokeloh said. This will first result in fewer homes being sold and bought, and only then in lower price increases.

Follow us:

Latest stories

  • GGD Utrecht kicks off catch-up vaccination campaign against HPV
  • Heat pump sales up 37% due to high energy prices
  • Strong 47% rise in number of counterfeit euro banknotes discovered
  • Threats prompt the Netherlands to close its Istanbul consulate to the public
  • One person rescued from balcony in Hague apartment complex fire
  • Anti-depressants, anxiety meds messing with water life in Dutch canals, lakes

Top stories

  • Threats prompt the Netherlands to close its Istanbul consulate to the public
  • Pro-Russian hackers Killnet behind Groningen hospital cyberattack
  • Regional transport will strike for five days from February 6
  • Netherlands struggles to find qualified teachers; Shortage hits Amsterdam hard
  • Philips scrapping 1,100 jobs in Netherlands, 6,000 worldwide
  • Netherlands got most asylum applications since 2015 last year

© 2012-2023, NL Times, All rights reserved.

Footer menu

  • Privacy
  • Contact
  • Partner content