Housing prices in the Netherlands were on average 9.7 percent higher in the third quarter than a year ago, realtors association NVM announced. "The housing market is overheated in many places, especially in the cities", NVM chairman Ger Jaarsma said to broadcaster NOS.
The risk of a bubble forming in the Dutch housing market is increasing, though it is currently limited to popular markets like Amsterdam and Utrecht, Rabobank said in a quarterly report. Driven by renewed confidence in the economy and low interest rates, home buyers are increasingly buying above the asking price in the expectation that house prices will continue to rise for a long time, according to the bank, RTL Nieuws reports.
In the past quarter the number of homes sold in the Netherlands decreased for the first time in nearly three years, according to realtors association NVM. The association attributes the decrease to a shortage in available homes on the market. There were 97 thousand existing homes for sale throughout the Netherlands last quarter - the lowest number since 2004, NOS reports.
In April, May and June 56,900 homes were sold in the Netherlands, a decrease of 0.8 percent compared to the same quarter last year.
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.
GroenLinks wants to ban Amsterdam residents renting their homes to tourists through sites like Airbnb if it turns out that this increases housing prices in the city
A massive 48 percent of homes sold in Amsterdam in the first quarter of this year, sold for more than their listing price, compared to 42 percent in the last quarter of 2015 and a quarter a year ago, according to figures of Amsterdam real estate association MVA
Renting out rooms to tourists through Airbnb can at least partly be blamed for the skyrocketing housing prices in Amsterdam and the increasing gap between rich and poor in the city, according to a study done by ING's Economic Bureau
In the first quarter of 2016, existing home prices in Amsterdam rose above pre-crisis levels. A home in Amsterdam currently costs an average of 337 thousand euros, more than 100 thousand euros higher than the national average and 2 percent higher than in 2008, according to Statistics Netherlands and the Land Registry.
Prices of homes in the capital, Amsterdam, have risen by 18 percent in the past two years. Amsterdam is also the only one of large cities in the Netherlands to be above pre-crisis level in the number of homes sold - in the first three quarters of this year 18 percent more houses were sold than in the same period in 2017
The average price of existing homes has increased by 3.5 percent nationwide in the third quarter of this year when compared to the figures of the same period 2014. Amsterdam had the largest increase of 10 percent.
The prices of existing private homes sold in the Netherlands were 2.1 percent higher in January 2015 than in the same month last year, Statistics Netherlands (CBS) reported Friday. The average price of existing homes in January 2015 was about as high as in mid-2003.
Rental homes have never been more expensive in Amsterdam, according to online housing market Pararius. Prices have gone up with 5.6 percent in the second quarter of this year compared to last year, the NOS reports.
Housing prices in The Netherlands have been higher in the last three months compared to the same period of last year. June saw a 2.2 percent rise in existent houses for sale than in June 2013, the Central Bureau for Statistics Netherlands (CBS)
Prices of existing homes have gone up by 0.1 percent, compared to April 2013. This is the first price increase in five years, according to the Central Bureau for Statistics (CBS).
New homeowners still have to pay 'key money', a kind of extra levy to be allowed inside, by some landlords. Asking for this has been disallowed for some time now, but it is still being done.
The Rabobank is counting on it that housing prices will rise this year. The bank's economic office is saying that sale homes will on average become between 0 and 1 percent more expensive this year, and between 1 and 3 percent more expensive next year, according to a report from the biggest mortgage office of the Netherlands.
Within the first quarter of this year, 24 percent fewer homes have been put up for rent compared to the same period last year.
Almost one in five homes in the Netherlands were sold with a lost last year.
Resale prices for existing homes in the Netherlands dropped 4.7% in November, compared to a year earlier. New data released by the national statistics office, CBS, show existing home sale prices down 20.5% versus the peak prices seen in August 2008.