The prices of owner-occupied homes in the city rose by 9 percent in the past quarter compared to a year earlier. An average of 482,165 euros was paid for an Amsterdam house, which amounts to 5,811 euros per square meter.
The 9 percent increase is an average, there are large differences between the city districts, according to figures from the Amsterdam Estate Agent Association (MVA). For example, prices in North rose by 18 percent compared to a year earlier. In New West that increase was even almost 20 percent. The average selling price of homes in the Centrum district dropped by 7 percent.
Compared to the previous quarter, the average transaction price of a home in the city has fallen slightly. But that can be explained by the summer holidays, which always cause a dip.
More homes sold
It is striking that more and more homes are being offered for sale and sold in the city. MVA brokers sold 16 percent more homes than in the previous quarter and 18.5 percent more than in the same period last year.
According to Jerry Wijnen of the MVA, this is partly due to expats who return to their country of origin due to the corona crisis. ‘But the cause can also be sought in investors who resell rental properties in the higher segment, people who choose to live outside the city because of the corona crisis and Airbnb homes that are being sold.’
Rental prices are falling
New figures were also released today about rental properties in the city. The average price of a rental home in the Amsterdam free sector was 5.9 percent lower in the past quarter than in the same quarter a year earlier. In West prices fell sharply by 9 percent.
But rents also fell in other parts of the city, reports Pararius, one of the largest sites offering rental housing.
Price increase in Southeast and East
In the most expensive district, Centrum, rents in the free sector fell by 8.4 percent to a square meter price of 23.70 euros per month. A year earlier that was still 25.86 euros. This concerns vacant rental properties. Southeast and East are the only districts where rents rose, by 2 and 0.5 percent respectively.
Nationally, rents have fallen for the first time in six years. On average, 16.56 was paid for a square meter, which is 0.4 percent less than in the same quarter of the previous year.
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