Housing market Amsterdam Q3 2020; house prices within the ring almost € 7,000 per m2
Amsterdam housing market remains buoyant in third quarter 2020;
more transactions, higher square metre prices and higher transaction figures.
For most people, the Corona period is not an obstacle to making a (first) step on the housing market. For many people, the economic situation has not worsened (unemployment has even declined slightly) thanks to the drastic government measures. Interest rates are still low, and people need more space to work from home. The need for a good outdoor area is also increasing now that the terraces and the catering industry have closed.
The average square metre price in Amsterdam rose by 5% compared to a year ago, transaction prices rose by 1% and the number of transactions increased by 12%.
A house or flat with a garden is very popular
A house or flat with a garden or roof terrace is the ultimate dream of many house hunters Buying a house in Amsterdam is more difficult than ever in this category. Around 650 ground floor flats were sold out of a total of 2600 transactions in Q3. Many families are looking for a family home with a garden, but for most families this is no longer affordable, especially within the ring road. We often see families with a second child leaving the city.
Gap inside the ring/outside the ring is widening
The difference with the square metre prices outside the ring road increases further. Within the Amsterdam ring road, the average square metre prices are almost € 7,000 - Outside the ring road, the average square metre price is € 4,400. The prices within the ring are per metre € 2.500,- or 57% higher than outside the ring!
Differences per district
The differences between the m2 prices within the ring and outside the ring are of course striking, but within the ring we see large differences per district.
For illustration:
Amsterdam Oud Zuid: The square metre price came to €7,900, a difference of 5% from a year earlier.
Read here the housing market Oud Zuid blog by Wouter Thöne.
Amsterdam Centre: The square metre price came to €7,750, 4% higher than a year earlier.
Read here the housing market Centre blog by Anouk Monnik.
Amsterdam de Pijp: The square metre price came to € 7,700, - 4% higher than a year earlier.
Read here what Danique Helmer (neighbourhood specialist de Pijp) writes about the development of the housing market in the Pijp area.
Amsterdam Oost: The square metre price came to €7,150, a difference of 10% from a year earlier.
Read here what Shanna Kroon (neighbourhood specialist Oost) writes about the development of the housing market in Oost.
Amsterdam Noord: The square metre price came to €4,800, 8.6% higher than a year earlier.
Read here what Kaylee Romer (specialist in Noord) writes about the development in Amsterdam Noord.
Housing market reports per neighbourhood
For each neighbourhood, we have an report with the development of the housing market. You will find the average transaction price, the square metre price, the average overbid and much more relevant information in the housing market report.
Wouter Thöne, Amsterdam at Home Real Estate
