For the first time since 2019, home owners are more confident about the housing market. The optimism comes from the low interest rates. This positivity is mostly from the people that already own a house: starters and renters are more pessimistic. The optimism will grow with the prospects of the low staying morgage rates.
The Central bureau of statistics provides numbers that the prices of houses are still rising, but the number of transactions is receding faster. In August 2019 the houses were 5,7 per cent more expensive than in the same period in the last year. This is the lowest price increase in almost 3 years. The prices were receding after a peak in 2008. In 2013, the lowest point was reached. Since then the prices have gone up again. In may 2018, the prince index of existing houses was for the first time higher than the record level in august 2008.
The Kadaster published that in August, 19.583 houses were sold. This is over 6 per cent less than a year before. In the first 8 months of 2019, 140.559 houses were sold. This is over 3 per cent less than in the same period in 2018.
In the second quarter of 2019, the housing market in the Netherlands has cooled down even further. The housing prices rise less hard and the offer has increased. This is published by the NVM in their housing market numbers. The amount of sold houses has increased in comparison with 2018, this has occured for the first time in 2 years.
Most houses are sold in the price range between 300.000 and 750.000 euros. The average housing price in Amsterdam has decreased by 4 percent. This is because more houses are sold in the outside region, where the prices are lower. The amount of sold newly built houses shows a decrease of 13 percent. The NVM marks the high prices of new-built houses as reason for this phenomenon.
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