House prices fall, but not in Amsterdam

Friday 15 January 2010

The price of a terraced house in Amsterdam rose 8% in the final quarter of 2009, compared with the third, while apartments were 3.5% more expensive, according to new figures from the real estate association NVM, quoted by news website Z24.

But in the Hague, Rotterdam and Utrecht, house prices continued to fall in the final three months of the year, Z24 said.

Nationwide, the number of homes changing hands in the fourth quarter was up 4.8% on the previous three months and the average price rose 0.4% to €228,000, the NVM figures show.

'The housing market seems to be slowly recovering after a difficult year,' NVM chairman Ger Hukker said in a statement. Over 2009 as a whole, house prices fell an average 2%, he said.

© DutchNews.nl

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