Blog
Date: 27 October 2020

Amsterdam Centre: Q3 2020 highest square metre prices ever!

The housing market in Amsterdam Center continues to gain good momentum in the third quarter 2020; more transactions, higher square meter prices and higher transaction figures.

For most people, the Corona period is not an obstacle to making a (first) step on the housing market. The economic situation has not become worse for many people (unemployment has even decreased a little) thanks to the drastic government measures. The interest rate is still low, and people have a greater need for space nowadays because of working at home and the need for a good outdoor area is increasing now that the terraces and the catering industry have closed down.

The average square metre price rose compared to a year ago by 4% to € 7,750, - the transaction prices in Amsterdam Centre remained at the level of a year earlier € 750,000, - on average, therefore, a slightly smaller house has been sold. Only Amsterdam Oud Zuid has higher average prices per m2 € 7,887 and the average transaction price € 843,000.

Number of transactions and maturity

With 226 transactions in the third quarter, the number from Q3 2019 (219) was slightly exceeded. Selling a property in Amsterdam Centre is still going fast the lead time is 40 days.

A house or flat with a garden is very popular

A house or flat with a garden or roof terrace is the ultimate dream of many house hunters. purchasing a home in Amsterdam is more difficult than ever in this category. About 85 downstairs flats or entire houses were sold out of a total of 234 transactions in Q3. Many families are looking for a family home with a garden, but for most families this is no longer affordable, especially within the ring road. We often see families with a second child leaving the city.

Forecast Q4 2020

We expect the housing market to continue to develop well in Q4. For information on buying or selling please click here to contact form.

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