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For a year now, the trend in the Dutch housing market has continued: lower transaction volumes due to weak supply, large price increases and insufficient new construction to meet the growing demand
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Recently, the Dutch Association of Realtors (NVM) announced figures for the second quarter of 2018. The housing market is tense in many areas, in some balanced areas and only in one region. Last year, Nijkerk belonged to larger areas of the housing market, but here too the shortage has now increased. Home compares regional figures with national figures
The price of transactions increases by more than 10%
The price reached a record level of 288,000 euros. This is an increase of 10.4% over the previous year. The asking price of the sale offer increased in a manner similar to the transaction prices of the homes sold.
Nijkerk region: € 341,000 (10.6% increase)
The number of real estate transactions continues to decline
In the second quarter of 2018, almost 11% fewer properties occupied by owners have been sold. The drop is the highest among the apartments. The housing market is increasingly dependent on the new supply that households are offering for sale on the housing market. This new supply is falling behind, as more and more households want to buy a house first, before selling it for themselves.
Nijkerk region: 197 (-24.1%)
Average houses of one and a half months sale
The duration of homes sold fell in the second quarter to 45 days, 16 days less than a year ago
Nijkerk region: 33 days
Record number of houses above asking price
Never before has such an important share of homes sold n & # 39, was sold over the competition. 33.6% had a higher transaction price than the asking price. The difference between the asking price and the final price of the transaction decreased on average to 0.1%.
Nijkerk region: 25.4% (difference between demand and transaction price: 0.9%)
Offer
The supply of housing fell by 33.6% in one year. The decrease is greater in apartments and between houses. A potential buyer only has one choice of less than 4 properties. It is becoming increasingly difficult for more and more households to find a suitable home, let alone their dream home. This also explains a tendency to buy first and then sell only.
Nijkerk region: -21% (average choice of 3.5 houses)
"More new buildings needed"
Especially beginners suffer from shortage, says NVM chairman Ger Jaarsma. "The weakness of the supply, the high prices and the fact that most new buildings are built to go forward means that newcomers have more and more trouble finding a home." According to Jaarsma, more new houses need to be added sooner. ] NVM Expectations: fewer real estate transactions and price increases
The NVM expects a 7 to 10% decline in the number of transactions and a price change of more than 8 to 10%. The housing market is becoming more and more dependent on the new offer put on sale by households. According to the president of the NVM, there are still big differences in the owner-occupied housing market.
source: newsletter Home
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