Saturday 28 May 2022

House prices make their biggest leap since 2008

Photo: DutchNews.nlHouse prices rose by an average 4.1% in January, their biggest increase in eight years, according to new figures from the land registry office Kadaster.

The last time house prices rose by 4.1% was in March 2008, at the height of the housing market boom. Average prices are now 7.9% up on June 2013, when they reached their low point but are still 15% cheaper than during their August 2008 peak.

Estate agents’ organisation NVM said in January that the Amsterdam housing market is on the verge of overheating, with more homes changing hands for above the asking price.

Prices in the Dutch capital rose some 17% in 2015 as whole, the NVM said.

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