Amsterdam home prices jump 18 pct. in two years
9 years, 4 months ago

Amsterdam home prices jump 18 pct. in two years

NL Times  

Prices of homes in the capital, Amsterdam, have risen by 18 percent in the past two years. Amsterdam is also the only one of large cities in the Netherlands to be above pre-crisis level in the number of homes sold - in the first three quarters of this year 18 percent more houses were sold than in the same period in 2017 This is according to an analysis done by ING Economic Bureau. According to the bank, if this growth in home prices continues, Amsterdam homes will be more expensive next year than before the crisis. Currently home prices are only 3 percent below pre-crisis levels Power over the past two years has shifted exclusively to the seller of property in the city, asking and receiving more than the property book value. Additional pressure has been placed upon the city through the Airbnb operation that allows owners to make money from their homes, effectively making it better to keep one’s home than to sell.

History of this topic

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