parool

Amsterdam housing market cools down, but homes still frequently sell above asking price – especially in West and North

Amsterdam housing market cools down, but homes still frequently sell above asking price – especially in West and North

The Amsterdam housing market is cooling as buyers exercise more caution, leading to a decrease in the frequency and extent of overbidding. While 77 percent of homes still sell above the asking price, the median transaction price has stabilized at 583,839 euros.

The Amsterdam housing market is showing signs of cooling as buyers become more cautious due to higher mortgage rates. According to data from the Makelaarsvereniging Amsterdam (MVA) covering the period from April to July, the median transaction price has remained stable at 583,839 euros. While the market remains active, buyers are taking more time to evaluate properties, leading to a slight decrease in the frequency and intensity of overbidding compared to previous quarters. During this period, 77 percent of homes were sold above the asking price, with the average overbid percentage dropping from 7.3 to 6.3 percent.

There are notable regional differences across the city regarding buyer behavior and supply. Districts like West and Noord continue to see the highest rates of overbidding, while the Centrum area currently offers the most options for prospective buyers. Overall, Amsterdam is following national trends, although the city experienced an 11 percent decline in transactions compared to the previous quarter. This shift reflects a more deliberate approach by buyers, who are paying closer attention to property conditions and long-term financial burdens.

Based on reporting by parool. Translated and condensed by LocalHeadlines.

Related articles

New strike in regional transport: fewer buses and trains on Thursday

New strike in regional transport: fewer buses and trains on Thursday

Regional transport workers in the Netherlands are set to hold another strike this Thursday, leading to reduced bus and train services. This action is part of an ongoing dispute over a new collective labor agreement, with unions planning weekly walkouts until Christmas if negotiations remain unresolved.

Not just IDFA: Amsterdam’s wider cultural sector hit by rising hotel costs as tourist tax hike drives away key visitors

Not just IDFA: Amsterdam’s wider cultural sector hit by rising hotel costs as tourist tax hike drives away key visitors

Amsterdam's cultural sector, including major events like IDFA, ADE, and the Holland Festival, is struggling due to rising tourist taxes and hotel VAT. These increased costs are forcing organizers to raise ticket prices and reduce programming, threatening the accessibility and quality of the city's cultural offerings.

Long wait times at Schiphol due to electronic passport control failure

Long wait times at Schiphol due to electronic passport control failure

Schiphol Airport is facing significant passenger delays after a technical failure incapacitated its automated eGate passport control system on Sunday morning. Royal Netherlands Marechaussee officers are currently conducting manual checks as they investigate the cause of the malfunction, which is not believed to be a cyberattack.

Private landlords are renting out fewer properties in the city: "A problem for students"

Private landlords are renting out fewer properties in the city: "A problem for students"

Private rental properties in Amsterdam have decreased by 18 percent in three years as landlords sell their units due to new rent control laws and increased taxation. While this shift favors buyers, it creates a significant housing crisis for students and individuals who cannot afford to purchase property in the city.

Seizure of 'Antifa server' at US request leads to questions and concerns

Seizure of 'Antifa server' at US request leads to questions and concerns

Dutch authorities have seized a server belonging to the Italian hosting provider Autistici/Inventati at the request of the United States. The U.S. government classifies the company as a terrorist entity, sparking concerns among Dutch digital rights groups and industry associations regarding the precedent for such cross-border legal actions.