Date: 26 October 2021

The figures of the house prices in Q3 2021 are known! And what appears? House prices in the centre of Amsterdam have not yet calmed down. Overbidding appears to have become the norm. Do you want to sell a house in the centre of Amsterdam? Then this information is very interesting for you. In Amsterdam, we also see a clear increase.

Average square metre price in Q3 4.0% higher

The average square metre price in Amsterdam city centre remained fairly stable for a long time. But in Q2 and now also in Q3 2021, there is a considerable rise. In Amsterdam Centre, the average square metre price is 4.0% higher than a quarter ago. Compared to a year ago, this is even 11.51%.

The reason why the square metre price keeps rising is because the supply of houses does not match the demand for houses in Amsterdam. There are more people who want a house in Amsterdam than there are houses to buy. This causes prices to rise. People are bidding over.

The average transaction price in Amsterdam Centre also rose slightly. The transaction price went from €827,876 to €866,549 in Q3 2021. The average transaction price has never been this high before.

Are the prices higher in Amsterdam Centre than in Amsterdam within the ring?

The answer to this question is simple: yes. The transaction prices are considerably higher in Amsterdam Centre compared to Amsterdam within the ring. Within the ring, the average transaction price is €704,780. As we have already indicated above, the average in the centre is €866,549.

In Q3 2021 more overbids in Amsterdam city centre

Along with transaction prices, average overbids are also increasing. We saw more overbids in Q3 2021 than in Q1 and Q2 2021.

In the centre of Amsterdam, the average overbid rose from 104.6% to 107.0%. An increase of no less than 2.4%! Although the transaction prices in the centre are higher than in Amsterdam within the ring road, this does not apply to the average outbid. Within the ring road, the average is even higher at 111.5%.

In the centre of Amsterdam, there are considerably more outbids for houses built after the war. For pre-war dwellings, 105.9% are outbid. For post-war residences, the percentage is 109.5%. The amount of outbid also differs per m2. The houses between 15 - 40m2 and 60 - 80m2 are the most often outbid.

Conclusion: Sell a house in the centre of Amsterdam or not?

The corona crisis has not (yet) led to a housing crisis. Although this was predicted by many. The NVM indicates that the number of sales in the Netherlands has even increased by 4%. In times of tightness on the housing market, that can be called very positive.

Selling your property?

Are you considering selling your house in Amsterdam city centre? As you have read in this article, the number of houses sold in Amsterdam is still rising despite the effects of the corona crisis. We are therefore happy to help you with your sale.

Our estate agents are ready to help you with the right actions for your sale. Among other things, we look for suitable potential buyers. Would you like to buy a new home in addition to selling? Then we will look at available properties together with you.

Please contact us for more information.