Friday 19 January 2018

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Amsterdam not worried about EMA impact on housing market

Amsterdam city council is not worried about the impact of the arrival of the European Medicines Agency on the city's already stretched housing market, the Parool has reported. As yet it is unclear how many EMA workers will make the move from London to Amsterdam, but current estimates range at between 200 and 700. The agency has a current workforce of some 900. The city has already set up a special project team to ensure a smooth transition to the Netherlands. However, the paper says, their remit is to encourage people to move to Leiden, The Hague, Utrecht and Alkmaar as well as the capital. In these areas, there are sufficient places at international schools, officials said in answer to questions from Socialist Party councillor Erik Flentge. In addition, Londoners are used to travelling long distances to work and will be happy in the other cities as well, the paper quotes the city's executive board as saying: 'We therefore do not expect a major impact on the housing market... in Amsterdam.'  More >

Supply of affordable homes dries up

Housing The Dutch housing market is caught between a rock and a hard place with high demand and few properties on offer. For the first time since the low point during the 2007-2008 crisis, the number of home sales has fallen back, going down 6% in the final quarter of 2017, the Dutch estate agents association NVM said in a statement. The decline was most evident in the cheaper end of the market where 36% fewer housing units were for sale than in the year-earlier period. 'This factor, along with tightened financial regulations, formed an extra barrier for starters on the housing market,' said NVM chairman Ger Jaarsma at the presentation of the provisional housing market figures for the last three months of 2017. Prices also continued to rise, with an increase of at least 9.1% in 2017.  The average housing unit is now pegged at €269,000 and more than 25% were sold for more than the asking price, the NVM said. Houses are also changing hands at a faster pace with the average home on the market for only 52 days. Most buyers opted to choose between four potential new homes. In overheated markets such as Utrecht, Amsterdam and Almere the choice was normally between only two houses, the NVM said.  More >

Amsterdam tells Londoners rents are cheap

Housing Questions are being asked in Amsterdam’s city hall after officials launched an advertising campaign in London praising ‘cheap’ rents in the Dutch capital. A Twitter user known as Hackney Cyclist posted a photograph of the advert which was thought up by the city’s marketing bureau Amsterdam Marketing. 'When you realise it's monthly rent, not weekly', the poster states. Socialist councilors have called on the city to withdraw the campaign. ‘Who on earth dreamed this up,’ said councillor Tiers Bakker. ‘People with their roots in the city are being driven out by high rents and the city is advertising at people with fat wallets and no links to the city. This is why house prices are going up.’ Council spokesman Peter Paul Ekker told the Parool that the poster is not a joke, but part of the city’s campaign to attract companies to leave London and move to Amsterdam because of Brexit. He said the tone of future advertising would be discussed with Amsterdam Marketing in January. Housing rents in Amsterdam have soared in recent years because of the shortage of non-rent controlled homes. Newcomers can expect to pay upwards of €1,500 for one-room apartment of 50 square metres - if they can find one. Average new rental contracts in the city are now over €2,200, according to research by housing platform Pararius. Dutch advert targeting young professionals in East London to move — Hackney Cyclist (@Hackneycyclist) December 21, 2017 If you'd like to comment on this story, you can do so via our Facebook page  More >