Monday 24 April 2017

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Dutch house prices soar 7% in March, biggest increase in 15 years


House prices soared 7.3% in March compared with the year-earlier period, the biggest monthly rise in 15 years, according to new land registry figures. House prices have been rising steadily since 2013, after plunging in the wake of the financial crisis. House prices are still, on average, 8.6% down on their August 2008 peak, but have outstripped this in Amsterdam, Utrecht and Rotterdam. In the last of the big four citiies The Hague, house prices are now almost back at their pre-crisis level, the national statistics agency figures show. House prices in The Hague fell 19% during the crisis but are now just 0.3% below the market peak.   More >

Housing corps to build more social homes

Housing Dutch housing associations have agreed to increase the number of rent-controlled properties they build following concerns that low income households are being squeezed out of the market. Housing corporation umbrella group Aedes has published a four-year plan which aims to put social housing centre stage during the next government period. In total, housing associations plan to build up to 34,000 homes a year with rents below €710 a month. Local councils have agreed to make more land available for social housing projects. The housing corporations have also pledged to create housing for 10,000 homeless people during the next four years, on condition that councils invest in social workers to make sure there are no problems. Some four million people currently live in property owned by one of the country's many housing corporations.  More >

Mini Amsterdam home sells for €150,000

Mini Amsterdam apartment, just 13m2, sells for €150,000 A studio apartment on Amsterdam's desirable Prinsengracht, measuring just 15 square metres, has been sold for over €150,000, the Telegraaf said on Friday. The tiny apartment is on the second floor of a canal-side mansion, has one room, a miniscule kitchen and a shower, the paper said. The buyer has not been made public, but the flat - just 2.6 metres wide - would be 'a perfect pied-a-terre or for a student son or daughter,' housing website Funda said. On top of the mortgage repayments, the new owner will also have to pay €119 service costs. Real estate agents association NWM said on Thursday prices in the city are now stabilising, having risen 20% over the past year. See the photos  More >