There is a considerable shortage of homes on the Dutch housing market. As a result, fewer homes are being sold for higher prices. And home sales are also happening faster and faster, according to figures released by the Dutch association of realtors NVM, NU.nl reports.
The prices of existing homes in the Netherlands increased by 8.8 percent in the second quarter compared to a year earlier, reaching a record high. The number of home sales decreased almost everywhere in the country, Statistics Netherlands and the Land Registry reported on Friday.
The number of existing homes sold in the Netherlands started slowly declining over the past months, after a peak of 25,280 homes sold in December last year, Financieele Dagblad reports based on figures from the Land Registry.
The number of vacation homes sold in the Netherlands increased by 20 percent last year, according to data the Dutch association of realtors NVM released on Monday. In 2015 the the number of holiday homes sold doubled, NU.nl reports.
According to NVM, the continuing trend can be attributed to the low interest rates. As savings yield hardly anything at the moment, more people choose to invest their money into a second home.
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.
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.
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.
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.
In July 19,723 homes were sold in the Netherlands, a 7.1 percent increase compared to the 18,442 homes sold in the country in July 2015, the Land Registry announced on Wednesday. Compared to June 2016, there was a 10.4 percent increase in the number of homes sold
For the first time in history 10-year-fixed-mortgage interest rates fell below 2 percent at a number of providers, according to figures from De Hypotheekshop. Home buyers could not wish to be luckier than with this unprecedented low mortgage rate, which is expected to fuel the housing boom
A total of 11,907 homes were sold in the Netherlands in January, according to figures released by the Land Registry on Wednesday. That is an increase of 26.2 percent compared to January 2015
Home sales in the Netherlands showed a decline in December compared to the same month in 2014. Compared to November however, there was a significant increase, according to figures released by the Land Registry on Tuesday
Home prices in Amsterdam increased with a massive 17 percent last year, the biggest increase in all of the Netherlands. The national average was 5 percent, according to figures released by the Dutch Association of Estate Agents and Valuers (NVM) on Thursday
The arrival of an asylum center in a neighborhood has no affect on the prices of surrounding homes, nor the time they spend on the market. The number of burglaries also do not increase more than the national trend.
Existing home sale prices rose by 2.5 percent in August compared to a year earlier, according to Statistics Netherlands (CBS). The growth remained relatively flat compared to last month.
Home sales increased across all types of properties and in all provinces in the Netherlands in July. A total of 18,442 homes were registered as sold in July this year, an increase of 32.7 percent compared to July 2014 and an increase of 21.6 percent compared to June 2015.
The home sales increased in almost all provinces. Only Drenthe showed a dip in late August, Z24 reports.
People in the Netherlands applied for nearly 41,500 mortgages in the first quarter of the year, up more than 50 percent compared to the same period in 2013. The number is down when compared to October-December, not entirely unexpected due to the seasonality of home purchases in the country.