The Northern Times
  • News
  • Lifestyle
  • Culture
  • People
  • What’s happening
  • Economy
  • Opportunities
No Result
View All Result
  • News
  • Lifestyle
  • Culture
  • People
  • What’s happening
  • Economy
  • Opportunities
No Result
View All Result
The Northern Times
No Result
View All Result

House prices in Groningen rise at record-breaking pace

by The Northern Times
January 21, 2020
in Economy
Home Economy

Supply is at a near all-time low

Translated by Thomas Ansell

Houses in Groningen will continue to rise in price, despite the province’s earlier position as a region with a relatively large supply of properties and low interest. The Central Bureau for Statistics suspects that this is now the peak following a trough, with the city of Groningen leading the way. As reported by the Dagblad van het Noorden.

“I suspect that there is a catching up [in Groningen]”, says Peter Hein van Mulligen of the CBS, “especially because prices have caught up to the pre-financial crisis level so late. It is probably due to the popularity of the city of Groningen, because you can still see population growth in the city itself.”

In the fourth quarter of 2019, the asking price for properties across the Netherlands were higher than at the same time a year earlier. However, the price rise in Groningen was much higher, at 8.4 percent. This is the largest recorded house price rise in Groningen for 14 years.

Rental properties have also become more expensive, however we may now be approaching the peak of the market, according to statistics from Pararius.

The news comes soon after it was announced that Groningen has fewer properties for sale than at any point, with just 210 properties on the market in early January.

Tags: buyinghousing

Related Posts

Rethinking battery technology in the North of the Netherlands
Top Dutch Business

Rethinking battery technology in the North of the Netherlands

November 27, 2023
Economy

Europe aims to solve labor shortages with ‘Tinder for jobs’ matching site

November 16, 2023
Final day of Promotion Days business event tomorrow
Top Dutch Business

Final day of Promotion Days business event tomorrow

November 7, 2023

Popular News

  • Iconic star returns to Groningen’s Grote Markt

    352 shares
    Share 141 Tweet 88
  • Dutch elections 2023: Parties and platforms in Northern provinces

    361 shares
    Share 144 Tweet 90
  • Denmark reverses international student policies: Lessons for the Netherlands

    345 shares
    Share 138 Tweet 86
  • Wilders wins big in Groningen and Drenthe

    345 shares
    Share 138 Tweet 86
  • One-third of Groningen university students are international

    357 shares
    Share 143 Tweet 89
The Northerntimes is powered by: TopDutch

No Result
View All Result
  • Arts
  • Contributors
  • Covid-19 News
  • Covid Chronicles
  • authority
  • personal
  • photo reportage
  • professional
  • Crime
  • Culture
  • Drenthe
  • Dutch history
  • Econ 050
  • Economy
  • Education
  • Eurosonic Noorderslag
  • Friesland
  • Groningen
  • Health
  • Lifestyle
  • Make it in the North
  • National
  • News
  • Nightlife
  • Opinion
  • Opportunities
  • Education
  • People
  • Expats
  • International students
  • Politics
  • Shopping
  • Sports
  • submitted articles
  • Top Dutch Business
  • Travel
  • Typical Dutch
  • Ukraine
  • Uncategorized
  • What’s happening
  • World

Welcome Back!

OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Submit a article

Send in an article to be published on The Northern Times.

Send a news tip

Got a story idea or want us to be aware of anything?