The housing market in the Netherlands drops for 4 consecutive years

The housing market in the Netherlands drops for 4 consecutive years

Downturn in the housing market in the Netherlands is observed in last four years. Against the background of a worsening economy (GDP fell by 0.6%), housing is cheaper in almost all cities and municipalities. According to Statistics Netherlands (CBS), the real estate prices in the secondary market fell by 6.76% from January 2010 to November 2012. In fact, inflation-adjusted house prices in the Netherlands fell by 9.14%.

By November 2012 the strongest real estate markets sagged in Amsterdam (-11.17%), Apeldoorn (-9.66%), Rotterdam (-6.40%), Zaanstad (-6.08%), Maastricht (-5.21%) and Groningen (-4.40%). In Hague housing prices declined by 0.49%.

From January to November 2012 the total number of transactions decreased by 7.2% (a total of 99,897 transactions) compared to the same period of 2011.