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Date: May 26, 2023

Analysis of the Amsterdam housing market: insights and predictions

The Amsterdam housing market: a source of both excitement and concern for buyers and sellers. Whether you are looking for your dream house in the canal belt or are a seller considering putting your home on the market, understanding current trends and developments are invaluable in making informed decisions. The market is constantly evolving, with the Amsterdam housing market undergoing significant change in recent years.

What trends and developments are going on in the Amsterdam housing market?

This blog offers insight to create future opportunities for you as a buyer or seller. The different aspects of the Amsterdam housing market you can explore are transaction prices, transaction volume, overbidding rates, forecasts next quarter and a real-time data report. So let's delve into the fascinating world of the Amsterdam housing market and discover what opportunities the future may hold for you as a buyer or seller.

Average square meter prices in Amsterdam

What are the average square meter prices in Amsterdam? This depends on the size of the property. In Amsterdam, we see the following trends when it comes to average square meter prices. Prices for homes between 15 and 40 m2 are €9,077. In contrast, larger homes with more than 100 m2 pay an average of €7.309 per square meter. A simple explanation is that the higher the price gets, the fewer buyers are left with the budget to purchase these larger homes. So the demand for smaller homes is many times higher. 

Average price per square meter of amsterdam housing market

 

Evolution of average transaction prices in Amsterdam

In recent years, there has been a striking trend in average transaction prices. Amsterdam is known for its attractive real estate, making the city one of the most expensive residential locations in the Netherlands. From 2021 Q2 to 2022 Q2, we saw a steady increase in average transaction prices. From 2022 Q3, these prices decreased again. The average transaction price was €618,173 in 2021 Q1.

Transaction volume in Amsterdam

Looking at the Amsterdam housing market, it is immediately noticeable that the number of transactions fluctuates. The dynamics of the market mean that there is no fixed trend line, but rather and ongoing wave of supply and demand. This can be both exciting and challenging for you as a buyer or seller in the city. After peaking in 2021 Q4 with 2612 transactions, we saw a drop in 2022 Q1 with 1967 transactions. Not much later, the number of transactions stabilized, followed by another decline in 2023 Q1 with 1234 transactions.

Overbidding rates in Amsterdam

Overbidding in Amsterdam is an interesting trend to keep an eye on. The phenomenon of overbidding, in which potential buyers are willing to bid above the asking price to secure a property, has become widespread in the Amsterdam housing market in recent years. This has led to a competitive environment in which bids are sometimes far above the initial asking price. In 2021 Q4, this rate was 111.4%, before rising to 113.5% in 2022 Q2. From 2022 Q3, we saw a decline, with a rate of 101.2% in 2023 Q1

Predictions for the coming quarter

Given current trends in the Amsterdam housing market, we expect average transaction prices to stabilize in the coming quarter. The number of transactions is expected to increase slightly. In practice, we notice that in the months of April and May there is again more activity at viewings. People also seem to be overbidding more again. It feels like we are on the eve of a new run on homes in Amsterdam. Especially in Amsterdam North and Amsterdam West it is starting to get busier and busier.

Stay informed about the Amsterdam housing market

If you own or are considering buying a home in Amsterdam, it is wise to keep an eye on house prices. By downloading a free quarterly report, you'll receive quarterly updates on developments in the Amsterdam housing market. Our brokers at Amsterdam at Home Makelaars combine their local knowledge with real-time data to get the maximum results for our clients. Download the quarterly report now and stay informed!