The Dutch housing market is still overheated, but is cooling down slightly in the most heated parts of the market, realtors association NVM concludes based on the sales figures for the last quarter of 2018. "In some regions and especially in Amsterdam we see that the ceiling of continuous price increases is slowly being reached", NVM chairman Ger Jaarsma said, NOS reports.
housing market
Jan 9 '19 14:30
The madness on the Amsterdam housing market seems to have reached a new low point with an ad for a room for rent on Kamernet.nl, which RTL Nieuws discovered. The six square meter room was advertised for 878 euros per month. The ad has since been removed.
Dec 18 '18 12:00
As the Dutch economy continues to improve, more permanent jobs will be offered in the Netherlands and contract wages at companies will continue to rise, according to Dutch central bank De Nederlandsche Bank (DNB), NU.nl reports.
The number of permanent jobs is already increasing, said Job Swank, director of financial stability at DNB. This year, contract wages are expected to rise by 2.1 percent, after they already rose 1.5 percent in 2018. For 2019 and 2020 the bank expects wage increases of 2.6 and 3 percent respectively.
Nov 22 '18 15:50
The municipality of Amsterdam plans to construct 52,500 new homes in the next seven years, responsible alderman Laurens Ivens announced. The main risk for these ambitious construction plans may be the shortage of construction workers, he said, AD reports.
"The plans are there. Hopefully we can find enough construction workers and the state will cooperate", Ivens said while presenting the municipality's plans on Thursday. The city wants to build 7,500 homes per year in its period of government. The rest will be built in the years thereafter.
Oct 11 '18 13:50
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.
Sep 28 '18 08:57
Amsterdam rose to the 5th place on Swiss bank UBS's ranking of cities with the highest risk of a house price bubble. In these cities home prices rose so fast compared to inhabitants' incomes, that there is a good chance that the housing market will collapse, Het Parool reports.
Hong Kong is first on the ranking, followed by Munich, Toronto and Vancouver. Amsterdam rose from 8th place last year to 5th this year, passing Sydney, London and Stockholm.
Sep 21 '18 10:00
Existing owner-occupied homes in the Netherlands were 9.3 percent more expensive in August than in the same month last year, Statistics Netherlands and the Land Registry reported on Friday. The price increase was higher in August than in previous months.
Sep 5 '18 08:44
Ten years after the outbreak of the credit crisis, the average selling prices of existing owner-occupied homes in the Netherlands are back on the level of 2008. Though the recovery can mainly be seen in the Randstad area. Prices in the big cities are now far above the 2008 level. But in many places outside the Randstad, house prices are still lower than before the crisis, Statistics Netherlands reported on Wednesday.
Aug 14 '18 11:10
For the first time students in the Netherlands on average pay over 400 euros per month for a room. Student housing rents increased more than 5 percent compared to last year, according to student housing website Kamernet, RTL Nieuws reports.
Amsterdam is the most expensive when it comes to student housing, with an average price of 571 euros per month for a room. Rotterdam saw a student housing rent increase of 7.4 percent to 460 euros per month.
Jul 20 '18 13:40
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.
Jul 17 '18 08:55
Amsterdam and seven other popular cities are asking the United Nations for help in dealing with the problems of overcrowded city centers and overheating housing markets. The cities hope the UN will put pressure on national governments to intervene, NOS reports.
Jul 12 '18 12:20
A third of the homes sold in the Netherlands in the second quarter of 2018 were sold above the asking price - the first time ever that overbidding happened so often in the country, according to the Dutch association of realtors NVM. In early 2014 only 5 percent of homes were sold at above asking price, RTL Nieuws reports.
Jul 5 '18 14:20
ABN Amro expects that home prices in the Netherlands will increase by an average of 8.5 percent this year and 7 percent next year, instead of the bank's previous predictions of 8 and 5 percent respectively. According to the bank, interest rates will remain low for the time being, resulting in housing prices increasing faster than previously expected, ANP reports.
Jun 22 '18 12:10
NN Groep is selling a portfolio of 6,777 homes to residential investor Vesteda for 1.5 billion euros, the two parties announced on Friday. This is one of the biggest deals ever on the Dutch rental housing market. Vesteda CEO Gertjan van der Baan called the scope of the deal unique, NU.nl reports.
Jun 21 '18 13:20
House prices in the Netherlands reached record high in May, rising above the peak in August 2008 to the highest level ever, according to figures Statistics Netherlands and the Land Registry released on Thursday.
Last month the average price to buy a house in the Netherlands was 283,945 euros, 9 percent higher than a year earlier. This only includes existing owner-occupied homes, new construction is not included in these figures. In April house prices were also almost 9 percent higher than they were in April 2017.
May 29 '18 08:42
The outlook for the Netherlands economy is still positive, the International Monetary Fund said in its annual report on the Netherlands. The IMF again raised concerns about the growth of wages in the country being smaller than other countries with comparable economies. Annual wage growth in the Netherlands is around 1 percent, too little to compensate for inflation, the IMF said, NOS and ANP report.
Apr 12 '18 11:50
An increasing number of Amsterdam residents are looking for a home in The Hague or Rotterdam as housing prices in the Dutch capital are increasingly unaffordable, Dutch realtors association NVM said with the release of its quarterly figures on Thursday. These two cities are now also seeing housing price increases far above national average, NU.nl reports.
Apr 11 '18 16:20
Homebuyers in the Netherlands are increasingly turning to the suburbs as home prices in the cities of Amsterdam, Rotterdam, Utrecht and The Hague continue to rise, according to homeowners association Vereniging Eigen Huis. First time buyers can no longer afford buying in one of the large cities, AD reports.
Apr 11 '18 16:20
Homebuyers in the Netherlands are increasingly turning to the suburbs as home prices in the cities of Amsterdam, Rotterdam, Utrecht and The Hague continue to rise, according to homeowners association Vereniging Eigen Huis. First time buyers can no longer afford buying in one of the large cities, AD reports.
Apr 5 '18 11:40
A parking spot in Amsterdam city center is currently listed for the same price as a freestanding home in the Friesland town of Burum - 89 thousand euros, RTL Z discovered.
Apr 5 '18 08:40
The number of homes in the Netherlands worth over a million euros increased by 37 percent to 42,300 last year - a new record for the Netherlands, real estate researcher Calcasa announced on Thursday, NU.nl reports.
The average price tag on one of these homes was 1.36 million euros last year. The average price per square meter was 5,300 euros. Over the past year these million euro homes' values increased by 9.2 percent, compared to an 8 percent value increase for all owned homes in the Netherlands.
Mar 26 '18 10:20
Only 15 percent of renters in the Netherlands are satisfied with the home they live in, according to a housing index report by ING. Most common complaints involve that their rental home is too small or too expensive, RTL Nieuws reports.
Renters in the Netherlands feel that they pay too much for what they get. Many wish they had a garden or that their home was larger.
Feb 21 '18 13:20
Housing prices in the Netherlands were 8.8 percent higher in January than in the same month last year, the highest increase in 16 years, Statistics Netherlands and the Land Registry reported on Wednesday.
The prices of existing homes in the country have been increasing steadily since June 2013. Housing prices are now at about the same level as in January 2008.
Compared to the housing market peak in June 2008, the current housing prices are still 2 percent lower. Compared to the low point on the market in June 2013, the current prices are around 25 percent higher.
Feb 9 '18 10:50
Housing prices in the Netherlands will increase even more this year than they did in 2017, according to Rabobank. Economists at the bank expects housing prices to increase by 8 percent on average in 2018, compared to 7.6 percent last year. Next year housing prices will increase by around 7 percent, NU.nl reports.
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