Date: May 26, 2023

The housing market in Amsterdam Center is always changing. That is why it is crucial to keep an eye on the latest datasets if you are planning to buy or sell a house. In this blog, we give you an overview of the latest developments and predictions for the coming quarter.

Current situation and analysis of the housing market in Amsterdam Center 

The current situation of the housing market in Amsterdam Center shows some interesting trends in terms of prices per square meter, prices per square meter by house size and housing transactions. Let's take a closer look at these topics:

Price per square meter

Amsterdam Center is known for its high real estate prices, and the price per square meter reflects this. On average, prices per square meter in the Amsterdam Center are significantly higher than in other parts of the city. This is mainly due to the attractiveness of the city center, the historical value of the properties and the limited availability of space.

In the first quarter of 2023, the average price per square meter in the center of Amsterdam was €8,400. This marks a decrease compared to the previous quarter (2022 Q4), in which the average price was still € 8,687. Moreover, the average transaction price in Q1 2023 is €747,837, which is also lower than the average transaction price in 2022 Q4 (€798,579). These figures suggest a decline in prices per square meter and transaction prices in the center of Amsterdam.         

Price per square meter by house size

Within Amsterdam Center, we see different price trends depending on the size of the homes. In general, smaller homes, such as studios and apartments, have a higher price per square meter compared to larger homes. This is due to the high demand for compact downtown properties, especially among young professionals and international buyers. For example, for a property between 15 and 40 square meters, you will pay an average of € 9347 per square meter, while for a property of more than 100 square meters, it is about € 8716.

Housing transactions 

The housing market in Amsterdam experienced a significant drop in housing transactions in the first quarter of 2023. So too in Amsterdam Center. Only 159 transactions took place in 2023 Q1, which is a significant decrease from the 279 transactions in the previous quarter. Moreover, the average home sales duration increased to 67 days in the first quarter of 2023, up from 48 days in the fourth quarter of 2022. These figures indicate that the housing market in Amsterdam Center is currently challenging, with reduced activity and longer sales duration.

Predictions for the coming quarter 

Based on current data, we can cautiously predict what the next quarter will do. After all, a drop in the average price per square meter and the number of housing transactions may be a sign of a temporary cooling of the market. However, given the dynamics of the housing market in Amsterdam Center, it is important to stay alert to changes.Therefore, it is essential to always be aware of the latest data and developments in the Amsterdam Center housing market. This will help you make informed decisions when buying or selling a home.

Amsterdam at Home - your data-driven real estate agent 

If you own or are considering buying a house in Amsterdam Center, De Grachtengordel, De Jordaan or the Czaar Peterbuurt, it is essential to keep a close eye on house prices. Download our quarterly report to stay up to date with the latest market developments every quarter. As a real estate agent in Amsterdam, we combine the knowledge of our neighborhood specialists with real-time data to achieve the maximum results for our clients. Choose a proactive, personal and data-driven approach to buying or selling your home in Amsterdam Center.