The Dutch Realtor association NVM came out with their quarterly report on the housing market in The Netherlands this week. For the first time since the third quarter of 2013 the price of the average sold house in Amsterdam declined year over year.
Furthermore the average price per square meter (m2) is declining from last quarter. No year over year decline here yet. It will be interesting to watch to see if the trend continues.
The average time a house sits on the market has also been going up to an average of 31 days.
This animation (gif) show the property value in euro per m2 of houses in Amsterdam from 2002 till 2018 based on the sale price. The color ranges in the legend are adjusted to the annual inflation rate in The Netherlands.
Housing prices in Amsterdam have doubled in most parts of the city. Notice how the prices in Amsterdam reached a low in 2013 after the financial crisis. I’ve posted before about how Dutch housing prices dropped a total of 20% from 2008 till 2013. It’s which was It’s easy to spot the boom bust and now boom home price in Amsterdam in this visualisation.