Last year Dutch municipalities spent less money than they received for the first time since 1999, Statistics Netherlands revealed on Monday. The municipalities' total revenues amounted to 53.8 billion euros, and spending came down to 53.6 billion euros, NU.nl reports.
Housing prices in the Netherlands continue to rise. In March housing prices were 7.3 percent higher than in the same month in 2016 - the biggest price increase in 15 years, according to figures released by Statistics Netherlands and the Land Registry on Friday.
The current price level is still 8.6 percent below the housing prices peak of 2008, but 16.4 percent above the low point in 2013. The average house price is currently at the same level as in April 2006.
Prices for existing homes in the Netherlands increased by 4.9 percent in July, the biggest price increase in almost 12 years, according to Statistics Netherlands and the Land Registry.
Existing home prices in Amsterdam continue to skyrocket as the housing market in the Netherlands recovers. In the second quarter of this year, existing home prices in the Dutch capital were almost 15 percent higher than the same time last year and about 7 percent higher than when the housing market reached its peak in 2008, according to figures released by Statistics Netherlands on Thursday.
The Netherlands' housing market is keeping up its strong recovery in what real estate agents association NVM calls a "slightly surprising" manner. Home prices are up 5.5 percent nationwide. Amsterdam even saw a 20 percent increase, according to NVM's figures for the first 3 months of this year
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 improvement and hardware stores are under pressure in the Netherlands due to consumers spending less time on DIY projects, especially the younger generations. The younger generations find do-it-yourself projects inconvenient and not much fun.
The housing market in the Netherlands is recovering much faster than previously expected. This year may show a 10 percent increase in the number of homes sold compared to last year.
The European Commission is more optimistic about the Dutch economy than it was earlier this year. The budget deficit for this year is coming out at 2.8 percent, under the European norm of 3 percent.