Date: August 29, 2023

A Data-Driven Look to the Future. In the rapidly changing world of the real estate market, it is important to always stay up-to-date. As a real estate agent in Amsterdam Center, we notice that the housing market here is always on the move. Read this blog about the latest figures from the housing market in Amsterdam Center!

Data housing market Amsterdam center

Prices per square meter

The average price per square meter in Amsterdam Center increased from € 8,586 in the third quarter of 2021 to € 9,116 in the second quarter of 2022. Then we saw a decrease to € 8,422 in Q1 2023, followed by an increase to € 8,849 in Q2. Compared to Q2 2022, prices per square meter in the Center of Amsterdam decreased by 3% in Q2 2023.

 

Transaction prices

At the same time, average transaction prices fluctuated. Starting at € 839,242 in the third quarter of 2021, they peaked at € 932,681 in the fourth quarter, then dropped to € 758,223 in the first quarter of 2023. The second quarter saw another increase to € 867,974. The drop in transaction prices in 2023 compared to 2021 may be related to the publicity surrounding the energy label. The houses in the center are relatively old, so the energy label is often not very good. Because a home's energy label is becoming increasingly important when selling and buying homes, it may also affect transaction prices.

Housing transactions and bidding rates in Amsterdam Center

One of the remarkable variables in the dynamics of the Amsterdam housing market is the number of housing transactions. If we look at recent trends, we see a fluctuation in the number of transactions in Amsterdam Center. For example, while there were 570 housing transactions in the third quarter of 2021, this number dropped to 198 transactions in the first quarter of 2023. However, in the second quarter of 2023, we saw a slight increase to 226 transactions. This kind of fluctuation can have several causes, such as economic factors, seasonal influences or policy changes.

In parallel with the number of housing transactions, it is also interesting to look at bidding percentages. The percentage above the asking price bid for a property can tell us a lot about demand and the level of competition on the market. In the third quarter of 2022, the bidding percentage in Amsterdam Center was 105.9%. After that, we saw a decline, with bids at 100% of the asking price in the first quarter of 2023. However, in the second quarter of 2023 we again see a slight increase to 100.7%.

These variables are of great interest to both buyers and sellers because they indicate competitive pressures and market dynamics. By closely monitoring them, you can anticipate future trends and determine the best strategy for your particular situation.

Housing market forecast in Amsterdam Center Q3 2023

A tentative forecast for the coming quarter can be derived from the data. Prices per square meter and transaction prices seem to be rising slightly again compared to the first quarter of this year. We therefore expect slight fluctuations in price in the next quarter. Whether this increase will continue is therefore unclear.

The importance of housing market data

Tracking these developments and trends is crucial for anyone looking to enter the Amsterdam Center real estate market. Whether you are a potential buyer or seller, these data insights enable you to make informed decisions.

Complete report prices and trends housing market Amsterdam center

It makes sense to keep an eye on price trends in Amsterdam Center if you own a home there or plan to buy one. Download our quarterly report to stay up to date on the latest trends in the housing market. At Amsterdam at Home Brokers, we offer a proactive, personalized and data-driven approach to buying or selling homes. With our real-time data and in-depth knowledge of each neighborhood, we ensure the best possible results for our clients.