Prices owner-occupied dwellings in Amsterdam up in second quarter 2010

In the second quarter of 2010, prices of existing owner-occupied dwellings in the municipality of Amsterdam were 0.7 percent higher than in the same period in 2008. Prices of owner-occupied dwellings in the Dutch capital have gone up for the first time since the end of 2008. 

Price developments existing owner-occupied dwellings in the four major Dutch cities

Phenomenon not restricted to Amsterdam

Amsterdam is not the only large municipality, where residential property prices are rising. Relative to the same quarter one year previously, prices have also increased in the municipalities of Haarlem, Zwolle, Enschede and Emmen.

Prices of existing owner-occupied dwellings dropped by over 5 percent in the municipalities of Ede and Den Bosch. Prices also dropped in Rotterdam, The Hague and Utrecht in the second quarter compared to the second quarter of the previous year, albeit less rapidly. On average, residential property prices in the Netherlands fell by nearly 2 percent in the second quarter of 2010 compared to the second quarter of 2009.

More houses sold

The number of dwellings sold in the four major cities has risen since the first quarter of 2010, but Amsterdam showed the most substantial growth (nearly 18 percent). In most large municipalities, the number of residential property transactions has increased. Housing sales dropped in only 7 out of the 25 large municipalities compared to one year previously. Total sales of owner-occupied dwellings increased by more than 5 percent in the Netherlands.

Number of owner-occupied houses sold in the 2nd quarter of 2010

Herbert van Willenswaard