Housing market Amsterdam: prices within the ring road in Q3 2018 at highest level ever!

Prices in Amsterdam continue to rise and the affordability of flats and houses within the ring road has declined even further. Where a year ago the average square metre price was around €5700, we are now approaching €6500 per m2. There are of course big differences per district; the prices in the Grachtengordel have risen to €8,500, - while in Amsterdam Noord the prices are still relatively affordable at €4500, - per m2.

Amsterdam continues to attract new people at a rapid pace. It is a well-known phenomenon that yearclubs of Groningen students meet every week in Amsterdam three years after graduation, because the majority of the club lives and works here. Amsterdam remains the city for young highly educated people.
The arrival of the European Medicine Agency (EMA) is already having an impact. The first house-hunters have already registered with us and we read in the news that many pharmaceutical companies are moving their offices to Amsterdam.
There is still plenty of willingness to outbid and this is reflected in rising prices. The average overbidding within the ring is 7% (still shockingly high but slightly less than in Q2).

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