The average price of a home in the Netherlands is nearly 400,000 euros
Translated by Thomas Ansell
Despite the washout of the Dutch summer, there is still one thing burning away brightly; getting ever-closer to overheating and collapsing: the Dutch housing market. The Centraal Bureau voor de Statistiek, along with Kadaster (the land registry) have now announced that the price of a home this July was 16 percent higher than last July. This is the biggest year-on-year jump since October 2000.
As reported by the NOS, the Dutch national association for estate agents announced that the average price to purchase a property in the Netherlands had hit about 400,000 euros: more still if someone wants to purchase a detached property.
Indeed, the buying market is so unbelievably competitive that plenty of buyers have reported having to bid 50,000 euros over the asking price. Head of the national union of estate agents, Onno Hoes, took a moment from fueling the fire to remark: “but if people want to pay that, then they can!”
The estate agents association also pointed to the particular financial climate created by the Dutch government that has led to a huge surge in house buying; with a mixture of ultra-cheap credit (lessons from 2008 go unlearned) combined with tax breaks for homeowners.
If you add this to a complete lack of building in the Netherlands, it seems prices can only go one way: expectation might continue to go the other direction.