Mark hails from the Emerald Isle but has been living in the land of cheese and deep-fried-indiscrimi...
Amsterdam house prices on the rise again
07 February 2013, by Mark McDaidAmsterdam has seen it's house prices rise by 1,9 percent in the final quarter of 2012, mainly thanks to the intervention of bargain-hunting foreign investors from China and Russia.
This welcome rise for property owners has come after a sharp 7 percent drop in the previous 9 months. Estate agency Engel & Völkers sees this as a sign that the market is once more stabilising after a period of decline due mainly to a lack of investment from wary banks.
Interviewed in the Property Investor Europe Magazine (PIE Mag), estate agent Barbara van der Grijp sees the relatively low prices in Amsterdam, compared with other prominent European capitals such as London or Paris, as an incentive for foreign investors to spend.
While prices remain lower than last year, the rise is expected to continue as this new international elite target the Jordaan and the canal district in particular.
Investors from not only the traditional powers of the UK, Germany and France but also Russia, China and even Israel and South Africa are taking their chances.
This follows an article from the Financial Times which declared that conditions were perfect for international buyers to place their roots in the capital city, particularly because of the government's attempt to stimulate the property market.
If investors follow through on their interest then we may once more see house prices on the rise in de mooie stad.
Photo by Flickr user Alex Scarcella
Stay Informed
› Latest Dutch News
› New Articles on IamExpat
› Subscribe to our Weekly Newsletter
Related Links
-
Home sales in the Netherlands (seem to be) improving! -
Housing market in the Netherlands: Media & Opportunities -
[August 2011] House prices down again -
Dutch housing market decline, but improvement expected
WRITE A COMMENT
Infographics housing market Netherlands february 2013
I made a couple of Infographics on the development of the Dutch house prices and the number of houses for sale in the Netherlands. Two maps with regional data are included
Here is the link:
http://www.affidata.co.uk/sh/property-for-sale/dutch-housing-market-house-prices
Sounds like the housing bubble spruikers are at it again. It is more likely this is the beginning of a stagflation in the Dutch property market.
The trend in prices cannot be explained by investor uptake alone... The bubble has just popped in Oz, and the result seems to be a slow decline rather than a sudden bust.
The current rise is more likely than not from the rise in median prices as 'Hoarders' dump their expensive but depreciating assets on the market.
About the Author
Mark McDaid