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.
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.
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.
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.
For the first time since the economic crisis, the number of home sales in a quarter fell in the Netherlands. In the last 3 months of 2017 about 61,000 homes were sold, which shows a decrease of about six percent.
This phenomenon is mainly due to the fact that there is a supply shortage with fewer homes listed for sale, the real estate organization NVM announced on Thursday. In the last quarter of 2017 there where 36% fewer houses on the market, reports newspaper NU.
For the first time in ages, the housing prices in Amsterdam declined slightly. In the third quarter, housing prices were 0.5 percent lower than in the second quarter. "Maybe we have reached the top of the market", Sven Heinen, the chairman of Amsterdam real estate association MVA, said to the Volkskrant. This may well be the first sign that the overheated Amsterdam housing market is starting to cool.
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.
Unions, associations and interest groups had mixed reactions to the Rutte III government's plans for the future. While some are carefully optimistic about what the Netherlands will hold in the coming years, the new government agreement left others with only concerns, according to reactions on the Volkskrant's liveblog of the agreement presentation.
The Netherlands again saw an increase in the average rent price during the first half of this year. On average, tenants who moved home paid 10.54 euros per square meter for a rental home in the free sector, 6.9 percent more than last year, according to figures from branch organization for real estate managers VGM NL and the Dutch association of real estate agents NVM, NU.nl reports.
The figures are based on on about 35 thousand free sector rental agreements on an annual basis. This includes only new rental agreements, and not tenants who stayed on in a rented property.
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.
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.
First time home buyers are finding it increasingly difficult to find a home in the Netherlands according to De Hypotheekshop. Homes with price tags below 200 thousand euros are particularly running out, NOS reports.
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.
Housing prices in Amsterdam increased a massive 23 percent last year, according to figures from the Dutch association of realtors NVM. The national average housing price increase was 9 percent, RTL Nieuws reports.
The average home in the Netherlands now costs about 20 percent more than in the low point of the financial crisis, the third quarter of 2013. The value of houses in Amsterdam is already well over half again as high.
The overheating Dutch housing market is making it harder for first-time buyers to enter the market, according to realtors' association NVM. The downsides of an improving housing market are becoming more visible, the association said based on its third quarter figures
The average rental price per square meter for a home in the private sector increased by 5.9 percent in the second quarter, compared the same period last year, according to a report on the housing market by estate agents' association NVM and property management group VGM
The sales of country estates in the Netherlands are slowly picking up after the financial crisis. Since last year, more estates are changing ownership and prices are rising again, according to figures from realtors association NVM
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 rental prices in the private sector continued its increase in the fourth quarter of 2015. The average price per square meter amounted to 9.68 euros, 5.1 percent higher than at the end of 2014 and 1.7 percent higher than in the third quarter of 2013, according to figures from realtors association NVM and the association of property managers VGM NL
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.
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
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.