Cold Figures vs. Reality: Home Buying Tips for 2024

In June 2024, the housing market experienced a significant shift. Prices of existing homes surged by 9.7% compared to the previous year, marking the biggest increase in two years, according to CBS Statistics. Despite this, the total number of transactions from June to June dropped by 12%, with only 14,662 homes sold. In the first half of 2024, 92,383 homes changed hands, with the average transaction price reaching €441,112.

Utrecht was the standout performer with a 17.3% price increase in the second quarter. Amsterdam followed closely with a 10.4% rise. The Hague saw prices climb by 5.9%, while Rotterdam experienced a 5.3% increase.

In Amsterdam, buyers typically pay 4.9% above the asking price. However, this figure can vary per home, so evaluating each situation individually is essential. All these statistics provide a clear picture of the 2024 market trends, but what if you're looking to buy a home? Our first expert tip is: stay positive!

Approach the Market with just 3 Home Buying Tips

Given these statistics, how can you navigate the home-buying process and stay realistic? Here are some home buying tips:

1.  Understand your financial boundaries before diving into the market. Determine how much you can afford. This ensures you're ready to act quickly when you find the right home. A good financial advisor can provide invaluable guidance. They can help you understand your budget, explore financing options, and ensure you're financially prepared.

2. The demand often exceeds the supply in the housing market. Set realistic goals about what you can achieve within your budget. Understand that conditions can vary greatly depending on the location and specific property. We believe there is a house for everyone, so do not get too disappointed if you lose a bid, the home is not meant to be yours.

3. Work with a certified real estate agent who has an excellent reputation and proper qualifications. Since real estate is not a protected profession, ensure your agent is knowledgeable about local issues, especially in Amsterdam. They should understand topics like ground leases (which can affect your mortgage), moisture problems, owner associations, and foundation issues.

By keeping these points in mind, you can approach the home-buying process with confidence and clarity. Remember, preparation is key. Knowing your financial limits, seeking professional advice, and setting realistic expectations will help you navigate the market effectively.

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My name is Barry Burgemeester, founder of Burgemeester Vastgoed, and a certified real estate agent. I have been helping expats buy their homes since 2001. If you would like to benefit from my expertise, feel free to email me at info@burgemeestervastgoed.nl


Mark and Cristina’s Journey: From Expats to Dutch Locals

From Expats to Nederlanders

In the world of real estate, it's not just about buying and selling houses. It's about building relationships and watching our clients' stories unfold. Mark and Cristina are a perfect example. We've helped them find their home three times, and their journey is a wonderful story of becoming part of the Dutch community.

Mark and Cristina started their journey in 2016 with their first home, a double upstairs place in Amsterdam West. As their family grew, they needed more space. In 2019, they moved to a bigger house, still in Amsterdam West. Just last week, they found their dream family home in Amstelveen.

We've seen Mark and Cristina grow, not just in their homes but in their lives too. They now have two beautiful children. We’re so proud they chose us to help them each step of the way.

The Changing Role of Expats

An "expat" is a person who lives outside their home country, often for work, usually planning to go back someday. But in the Netherlands, many expats have decided to stay. They build their lives here, make friends, and their kids grow up with Dutch kids in local schools. Some even become Dutch citizens, loving the relaxed lifestyle and good work-life balance.

The expat community is now a big part of Dutch society. Many expats feel so at home here that calling them expats doesn’t fit anymore. They are Nederlanders, fully part of the Dutch culture and economy.

Celebrating Mark and Cristina’s Story

Mark and Cristina’s story shows this change. From expats to being part of the local community, their journey is one of growth and new beginnings. Stories like theirs show that living in the Netherlands makes it special – a place where people from around the world can find a home and become part of the community.

As real estate agents, we love being part of these stories. We’re excited to help more families like Mark and Cristina find their perfect home and become part of the Dutch way of life. Contact us via info@burgemeestervastgoed.nl or fill in the contact form and we will get back to you ASAP!


Discovering the Charm of Amsterdam's Canal Homes: A Real Estate Perspective

As a real estate agent in Amsterdam, I’ve had the privilege of exploring some of the most enchanting properties this city has to offer. Among these, canal homes stand out as true gems, combining history, charm, and modern living in a way that is uniquely Amsterdam. Let’s dive into the allure of Amsterdam’s canal homes and why they make an exceptional choice for buyers seeking something special.

A Glimpse into History

Amsterdam’s canal homes date back to the 17th century, during the Dutch Golden Age. The famous canal ring, known as the Grachtengordel, was created to accommodate the city’s growing population and thriving trade. These canals were both practical and beautiful, forming a stunning urban landscape that remains largely unchanged today. Canal homes were originally built for wealthy merchants and traders. Their tall, narrow fronts were designed to avoid high taxes based on the width of the property. Despite their narrow appearance, canal homes are often surprisingly spacious inside, extending deep into the block.

Architectural Beauty

One of the most captivating aspects of Amsterdam’s canal homes is their architectural beauty. Each house has its own unique character, often featuring ornate gables, large windows, and intricate details. The common styles include stepped gables, bell gables, and neck gables, adding to the city’s picturesque skyline. Inside, these homes often feature high ceilings, exposed wooden beams, and large windows that let in plenty of natural light. Many canal homes have been meticulously preserved and restored, offering a perfect blend of historic charm and modern amenities.

The Allure of Canal Living

Living in a canal home offers a lifestyle that is both peaceful and vibrant. The tranquil canals provide a serene backdrop, while the bustling streets and rich culture of Amsterdam are just a step away. Residents can enjoy the best of both worlds – the calm of canal-side living and the excitement of city life. Imagine waking up to the gentle sound of water lapping against the canal walls, sipping your morning coffee while watching boats glide by, and taking leisurely walks along tree-lined canals. For many, this is the epitome of a dream lifestyle.

Practical Benefits

Beyond their beauty and history, canal homes offer several practical benefits. Their central location means easy access to Amsterdam’s top attractions, shops, restaurants, and cultural venues. Many canal homes also come with private gardens or terraces, providing rare green spaces in the heart of the city. Additionally, these homes are built to last. Their thick walls and solid foundations offer durability and comfort. Modern renovations often include state-of-the-art insulation and heating systems, combining old-world charm with modern convenience.

Investing in a Canal Home

For those considering real estate investment, Amsterdam’s canal homes are an excellent choice. Their historical significance and unique charm make them highly desirable properties. Limited supply and high demand ensure these homes maintain their value and often appreciate over time. Amsterdam’s commitment to preserving its historic buildings means that investing in a canal home is not only financially rewarding but also contributes to the city’s cultural heritage.

Conclusion

Amsterdam’s canal homes are more than just residences; they are a testament to the city’s rich history and enduring charm. Whether you’re drawn to their architectural beauty, the allure of canal-side living, or the practical benefits they offer, owning a canal home in Amsterdam is a unique and rewarding experience. If you’re looking to immerse yourself in the magic of this historic city, there’s no better way than by making a canal home your own.

Contact me today to explore the possibilities and find your dream canal home in Amsterdam.