The average selling price of an owner-occupied home in the Netherlands topped 300 thousand euros for the first time ever. Existing owner-occupied homes were most expensive in Bloemendaal at 832 thousand euros on average, and cheapest in Delfzijl at 155 thousand euros on average, according to figures released by Statistics Netherlands and the Land Registry.
Nearly half of tenants in the Netherlands don't think they will ever be able to buy a home, according to an international study by ING among nearly 3 thousand tenants who have never owned a home. 48 percent of Dutch tenants think they'll never buy, compared to the European average of 38 percent, RTL Nieuws reports.
Tenants in the Netherlands who think they will eventually buy a house, largely expect to only do so later in life. Only 6 percent think they will buy a house before they turn 30, and another 6 percent think they'll do so by the time they're 34.
For the first time in years, the number of owner-occupied homes in Amsterdam decreased in 2019. Despite 1,400 new owner-occupied homes being built last year, the total number of owner-occupied homes in the Dutch capital decreased from 139,300 in 2017 to 136,200 in 2019, according to figures the municipality released, Het Parool reports.
Housing alderman Laurens Ivens blames the decrease on investors and private individuals buying houses to rent out.
Single earners with a median income have less and less chance of buying a home in the Netherlands. Single income households with a median income of 32,700 this year can afford a home that costs 150 thousand euros maximum, according to De Hypotheker. Only 4.3 percent of homes currently for sale in the Netherlands have an asking price of 150 thousand euros or less, compared to 7.5 percent last year, NOS reports.
Dutch between the ages of 20 and 45 who rent a home in the free sector, pay so much on housing costs that they can't afford to build up savings, Rabobank researchers Nic Vrieselaar and Carlijn Prins concluded after surveying over 10 thousand customers that fall in this group, AD reports.
The prices for existing homes in the Netherlands continue to rise. In the third quarter, the average price for an existing home was 7.2 percent higher than the same quarter last year. And after half a year of the housing supply seeming to stabilize, the number of homes available for sale saw a significant decrease in the third quarter, according to figures from the Dutch association of realtors NVM, NOS reports.
Buying a house is nearly impossible in large parts of the Netherlands for single-income Dutch households who earn an average income of 36 thousand euros, according to an analysis by mortgage adviser De Hypotheker. In the province of Utrecht, average single-income households can only afford 1 percent of the homes that are for sale, RTL Z reports.
More and more owner-occupied homes in the Netherlands are ending up on the rental market. In 2017, almost 100 thousand homes that were not owned by a housing association came to be used as a rental home, Statistics Netherlands reported on Monday.
The number of owner-occupied homes that ended up in the rental market under non-housing association owners, increased significantly over the past years. In 2014 over 62,200 owner-occupied homes became available to rent. In 2017 that number increased to 98,900.
The Dutch people in their twenties of today are hitting milestones later than their peers from a decade ago. Last year's 20-somethings left home later, studied longer, were less likely to have permanent employment, bought their own home later, moved in with a partner later, and also started a family later than the 20-somethings of 2008, Statistics Netherlands reported on Monday.
The average selling price of existing owner-occupied homes in the Netherlands amounted to 302,845 euors in March. That is 7.7 percent higher than in March 2018, and the highest level in Dutch history, Statistics Netherlands and the Land Registry reported on Tuesday.
Compared to the low point on the housing market in June 2013, prices for existing owner-occupied homes were 36.1 percent higher in March. Home prices have been climbing consistently ever since the low point on the market. In May 2018, prices for the first time reached above the record level in August 2008.
The municipality of Amsterdam is working on implementing a rental ban on new owner-occupied homes, in an attempt to prevent new homes from being bought up by investors and then rented out for hefty sums, the municipality said in a press statement. The ban will not only apply to the first buyer, but also to the people who later buy the home.