Wednesday 20 January 2021

House prices rose nearly 12% last year, smaller towns in greater demand

Photo: DutchNews.nl

Nine months into the coronavirus pandemic, house prices continue to rise and were up nearly 12% year on year at the end of December.

The increase was most modest in Amsterdam, where average prices rose 3.4% over the year, and was strongest – 22% – in the town of Hardenberg, near the German border, according to new figures from real estate agents association NVM.

In Rotterdam, Utrecht and The Hague, house prices rose by 12% to 15%.

Real estate agents have already noted a trend towards moving to more rural areas, where properties are bigger. ‘This could indicate the growing importance of having a large house for home working,’ the NVM said.

The shortage of houses for sale is also a reason behind the growth. By mid November, there were just 25,500 homes on the market, down almost one third on 2019.

‘We really need a substantial increase in the number of homes, so they remain affordable and so that people can find what they need,’ said NVM director Onno Hoes.

The average price paid for a home last year was €365,000.

Most political parties have included a pledge to expand the country’s housing stock in their manifestos for the March general election.

Thank you for donating to DutchNews.nl

The DutchNews.nl team would like to thank all the generous readers who have made a donation in recent weeks. Your financial support has helped us to expand our coverage of the coronavirus crisis into the evenings and weekends and make sure you are kept up to date with the latest developments.

DutchNews.nl has been free for 14 years, but without the financial backing of our readers, we would not be able to provide you with fair and accurate news and features about all things Dutch. Your contributions make this possible.

If you have not yet made a donation, but would like to, you can do so via Ideal, credit card or Paypal.