Sunday 24 July 2016

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House prices continue to rise, Amsterdam hits new peak

Housing

House prices rose 4.6% in June compared with June 2015, the highest rise in almost nine years, the national statistics office CBS said on Thursday.House prices have been rising steadily for the past three years after collapsing during the economic crisis. They have now reached their January 2005 level but are still almost 10% below their August 2008 maximum, the CBS said.In Amsterdam, however, house prices have rocketed and are now 7% up on their pre-crisis peak. Over the past three months, house prices in Amsterdam have risen almost 15%.In Utrecht, by contrast, house prices have risen 10% and in The Hague 8%.The number of homes changing hands in the first half of this year is also up almost 25% on the same period in 2015, the CBS said.  More >


House sales up by 18% in June

HousingHouse sales rose again in June by 18% compared to a year ago, sustaining a trend that has been evident since the turn of the year.The Dutch land registry (Kadaster) recorded 17,862 sales in June, 11.2% more than in May. The figure indicates that the housing market is on course to achieve its highest ever sales total, surpassing its previous peak set in 2006.Sales increased for all types of properties, but freestanding houses saw the sharpest rise at 20.5%, while semi-detached homes were the slowest growing segment at 15.2%.Flevoland recorded the highest regional increase at 45%, while sales in Noord-Holland province rose by just 3.8% compared to a year ago.The number of foreclosure sales also increased by 1.1% to 179.House sales dropped to a low of around 110,000 a year in 2013, following a five-year slump that saw property values drop by around 20%. Last year sales levels recovered to 178,000 but transaction values remain around 10% below their 2008 peak.  More >


House sales hit new records

Housing House sales hit new records with 42,800 transactions in the second quarter of 2016, says the NVM estate agents’ association.The previous high was in 2006, reports the NOS public broadcaster, and the new boom is probably linked to low mortgage interest rates.Average homes are now selling for 14% more than in the depths of the housing crisis, although still 7% below the last high. Chairman of the NVM Ger Jaarsma told NOS that ‘differences across the Netherlands are getting steadily greater.’Amsterdam, Haarlem and Utrecht showed the greatest increase in prices year-on-year, and more than half of homes in the Dutch capital sell for more than the asking price (compared with 13% nationwide).Earlier this week the organisation said it was ever more difficult for first-time buyers to raise a mortgage.  More >