The madness of the house runs out of the collar | Financial

Compared with the same period in 2017, house prices in the Netherlands increased by 9.3% in the first three months of this year. This places the Netherlands in the top of European countries with the highest price increase in owner-occupied housing. This is clear from the new figures from the Central Bureau of Statistics (CBS). Prices in the Netherlands are almost twice as high as the European average

The increase in the Netherlands is completely out of step with that of neighboring countries. For example, real estate prices in Belgium have increased by almost 2.5% over the same period. In Germany, homebuyers paid about 5.5% more, in France 3.5% and in Great Britain about 4.5%. Of all Western European countries, prices rise in Ireland and Portugal faster than in the Netherlands

Prices rise especially with our new homes, with an increase of 11.2% and an average purchase price of over 350,000 €. This makes that a new home in a year almost a ton more expensive. According to Statistics Netherlands

house prices are exploding in the Netherlands due to the severe shortage of new construction, in part because construction almost stopped during the economic crisis. At the same time, the population is growing, especially in the Randstad region because of the attractive climate and Brexit. Buyers are getting stiff competition from investors. The Dutch Association of Realtors (NVM) presents housing market figures this morning from the second quarter of this year