Dutch Housing Market Sees 9.1% Price Increase in Q1



Discover the latest trends in the Netherlands housing market, where over half of homes are selling above asking price, creating fierce competition among buyers.

A-2

The housing market in the Netherlands continues to experience significant growth, with owner-occupied home prices increasing by 9.1 percent in the first quarter of this year compared to the same period last year. According to the Dutch Association of Realtors (NVM), more than half of homes were sold above asking price for the second consecutive quarter, highlighting the intense competition among buyers in the current market.


Dutch Housing Market Sees 9.1% Price Increase in Q1

The housing shortage in the Netherlands is a key factor driving up prices, as the number of buyers far exceeds the available inventory of homes. In the first quarter of 2024, the average selling price of homes reached 432,000 euros, marking a 9.1 percent increase from the previous year. Terraced houses and corner houses saw the highest price increases, with values rising by 10.7 percent and 10.2 percent, respectively.

NVM realtors reported selling around 29,500 existing homes in the first quarter, a 4 percent increase from the previous year but an 18 percent decrease from the previous quarter. A significant 55 percent of homes were sold above the asking price, indicating the fierce competition in the market. On average, homes sold for 1.8 percent more than the listed price, a stark contrast to a year ago when prices were below the asking price.

Certain regions in the Netherlands saw particularly high demand and price increases. Flevoland, especially Almere, had nearly 75 percent of homes sold above asking price, while regions like Amsterdam, Utrecht, and Zaanstreek also experienced high levels of overbidding. Haarlem emerged as the city with the highest average transaction price at 576,000 euros, followed closely by Het Gooi and Vechtstreek at 568,000 euros.

The shortage of available homes has also led to a surge in sales of newly built homes, with realtors selling twice as many new construction homes compared to the previous year. The median price for new construction homes reached 479,000 euros, a 1.4 percent increase from the previous quarter.

A-3

Overall, the Dutch housing market remains highly competitive, with demand outstripping supply and driving up prices across the country. As the market continues to evolve, it will be important for both buyers and sellers to stay informed and adapt to the changing landscape.

The housing market in the Netherlands is experiencing significant growth, with owner-occupied home prices on the rise and intense competition among buyers. The ongoing housing shortage is a key driver of price increases, leading to high levels of overbidding and a surge in sales of newly built homes.

Dutch Housing Market Sees 9.1% Price Increase in Q1

Support Ogusyis by making a contribution – no matter how small.


Enter your amount
£
Enter your amount
£
Enter your amount
£
Yourname
Email
Phone

AD4


House Prices Fall in Switzerland: Key Insights Unveiled

Discover the shifting dynamics of Switzerland real estate market as apartment prices rise and single-family homes decline. Essential insights for buyers.

Discover the shifting dynamics of Switzerland real estate market as apartment prices rise and single-family homes decline. Essential insights for buyers.

Read more

Canada Real Estate: Positive Trends Amid Rate Changes

Discover how the recent interest rate cut impacts Canada real estate market, with a 9.1% rise in transactions in early 2024.

Discover how the recent interest rate cut impacts Canada real estate market, with a 9.1% rise in transactions in early 2024.

Read more

Controlling personal finance and budgeting app

What are Top Real Estate Hotspots in Portugal for Foreign Buyer?

Discover why Lisbon, Porto, and Faro attract over 50% of non-resident loans in Portugal real estate market. Explore these thriving hotspots now!

Discover why Lisbon, Porto, and Faro attract over 50% of non-resident loans in Portugal real estate market. Explore these thriving hotspots now!

Read more

Brussels Real Estate Market Update: Prices Cool, Homes Still €100,000 Pricier

Discover how the Brussels real estate market is shifting, with a cooling trend in prices but homes still commanding high premiums. 

Discover how the Brussels real estate market is shifting, with a cooling trend in prices but homes still commanding high premiums. 

Read more

Buy Land & Vacant Lots on Easy Monthly Payment Plans

New Zealand Real Estate Market Cools Further in June: A Comprehensive Analysis

Explore the latest trends as housing prices and sales decline across New Zealand. Get a comprehensive analysis of the cooling New Zealand real estate market.

Explore the latest trends as housing prices and sales decline across New Zealand. Get a comprehensive analysis of the cooling New Zealand real estate market.

Read more

Luxury Living: A New Investment Niche in UK Real Estate

Discover the resurgence of holiday let investments in the UK real estate market, presenting asset managers with lucrative opportunities in luxury living.

Discover the resurgence of holiday let investments in the UK real estate market, presenting asset managers with lucrative opportunities in luxury living.

Read more

Buy Land & Vacant Lots on Easy Monthly Payment Plans

Investment Property with Pool in Portugal: 61% Higher Costs

Explore why investment property with pool in Portugal are 61% more expensive. Understand the market dynamics and benefits of pool ownership.

Explore why investment property with pool in Portugal are 61% more expensive. Understand the market dynamics and benefits of pool ownership.

Read more

Why Foreign Investors Are Retreating from US Real Estate?

Explore the factors driving the decline in foreign investment in U.S. real estate and insights from experts on the shifting housing landscape.

Explore the factors driving the decline in foreign investment in U.S. real estate and insights from experts on the shifting housing landscape.

Read more

Cyprus and Greece real estate market: Rental Yields Soar to New Heights

Explore the surge in rental yields in Cyprus and Greece, fueled by increasing overseas interest. Uncover the investment opportunities now!

Explore the surge in rental yields in Cyprus and Greece, fueled by increasing overseas interest. Uncover the investment opportunities now!

Read more

Copyright © Ogusyis. All rights reserved. The Content may not be copied, distributed,  republished, uploaded, posted or transmitted in any way without the prior written consent of Ogusyis.