Blog
Date: 27 October 2020

Amsterdam Oud-Zuid: fewer expats but Q3 2020 highest square metre prices ever!

The housing market in Amsterdam Oud Zuid remains buoyant in the third quarter 2020 despite due to the Corona crisis lesser number of expats buying homes in Amsterdam for the first time! There are higher square meter prices but slightly lower transaction prices. Here we may still notice the influence of the lesser presence of the affluent expat looking for a large family home.

For most people, the Corona period is not an obstacle to making a (first) step on the housing market. For many people, the economic situation has not worsened (unemployment has even declined slightly) thanks to the drastic government measures. Interest rates are still low, and people need more space to work from home. The need for a good outdoor area is also increasing now that the terraces and the catering industry have closed.

The average square metre price rose compared to a year ago by 5% to almost € 7,900, - the transaction prices in Amsterdam Oud Zuid fell to € 840,000, - (still a minus of 10%!). On average, therefore, a smaller house was sold. Q3 2019 the average size was 124m2 in Q3 2020 this has dropped to 107m2! 

Number of transactions and maturity

The 215 transactions in the third quarter are at almost the same level as last year. Selling a house in Amsterdam Oud Zuid takes about 34 days; a quick turnaround time.

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 Buying a house in Amsterdam is more difficult than ever. 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. Families with a second child on the way are often seen leaving the city. For those who can afford it, Amsterdam Oud Zuid does offer a nice variety in the size of the ground floor flat the smallest was.

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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