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Amsterdam house prices experience a sharp increase

Amsterdam house prices experience a sharp increase

Amsterdam house prices experience a sharp increase

House prices in Amsterdam rose 10 percent in the third quarter of 2015, compared to the same period a year earlier, according to figures released by Statistics Netherlands (CBS) and the Land Registry.

Three other major Dutch cities experienced a sharp increase during the third quarter of this year: Utrecht (7,3 percent), Rotterdam (5 percent) and The Hague (4,1 percent).

Largest increase since the housing crisis

For Rotterdam and Utrecht this was their largest price rise since the beginning of the housing market crisis in 2008.

Since 2013, house prices have shown an upward trend thanks in part to new incentives and rules for mortgages introduced by the government.

Compared with 2013, prices have risen by around 6,6 percent. However, house prices are still 16,3 percent lower than before the crisis.

Zeeland is the only province showing a decrease

The price rise was greatest in the provinces of Noord Holland, Utrecht and Zuid-Holland. Zeeland is the only province that encountered a decrease of 0,7 percent since this time last year. The number of home sales is also lower than in the rest of the Netherlands.

All housing types increase in value

All types of housing are more expensive than a year earlier. Apartments and terraced houses experienced the largest increase of 4,2 and 4,1 percent respectively. Detached houses showed the least increase.

Home brokers are charging more

The price of services related to selling and purchasing a house in the Netherlands are also on the rise.

According to figures, service providers are charging 2,7 percent more than last year and brokers, who mediate in the purchase and sale of a home, by 0,4 percent. This was the first increase since the last quarter of 2009.

The prices of notarial services related to real estate, such as passing purchase deeds and the registration of mortgage deeds, are declining.

Parvinder

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Parvinder Marwaha

British-born editor Parvinder studied architecture in the UK. Amsterdam’s architecture and design scene led her to the city, as well the obvious perks of canal-side living. She writes for various...

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