Low mortgage rates are one of the main drivers of the rapidly growing Amsterdam real estate market, said Ger Hukker, chairman of the real estate brokers’ association NVM in the Netherlands. He also believes that the lower price tag, compared to other capitals like London and Paris, is a big draw for expats.
Owning property in Amsterdam and Utrecht is a luxury reserved only for the "happy few" due to the "madness", in the housing market, according to NVM chairman Ger Hukker
There are too few rental properties in the centers of Dutch cities available on the private market for under 1,000 euros, according to a new joint report from property management firm Vastgoedmanagement Nederland (VGM) and the Netherlands Association of Estate Agents (NVM). Released on Tuesday, the report says that far too often people looking legitimate "middle-of-the-road" rental units are quickly diverted to the outskirts of these cities.
Thirty percent more homes were sold in the fourth quarter of 2014 than in the same period the year before. The average price of an abode sold in the Netherlands now stands at 215,000 euros which is 3.5 percent higher than last year and 5 percent higher than during the worst times of the economic crisis, according to NVM brokers in their latest figures.
House prices still decrease, but not as fast as in 2012. The bottom of the market is in sight. NVM, the biggest broker organization in the Netherlands, announced on Thursday that the average price of a house is now 206 thousand euro, 5,5 percent lower than a year ago.