Buying a home in Amsterdam? The actual average house price is currently € 571 568, but  what does that say?

As a certified purchase agent with over 23 years of experience, I know that when it comes to property prices, it’s essential to understand that prices can vary significantly from street to street, but how is that?

In Amsterdam, each neighbourhood has its own unique charm, character, and amenities, which can influence property values. But even within the neighbourhood prices can differ significantly. Certain streets are more desirable and more expensive per m2 price than other streets, so the average and current price per m2 of € 7 189, is not standard for all homes.

When it comes to determining property prices, several crucial factors come into play. Factors such as size, condition, layout, and renovations all significantly impact the value of a property. Additionally, even within the confines of a single neighbourhood, you may find a diverse range of properties on the same street, each possessing unique characteristics that contribute to price variations.

Therefore, relying solely on average prices may not provide an accurate representation of the dynamic real estate market. Evaluating the market value of each property individually is of utmost importance.

How About the future prices?

Predicting home prices in Amsterdam is a complex task influenced by numerous factors. While I don’t possess a magic ball, my expertise and knowledge of the market and recent sales are the basis of my advice.

Currently, the housing market in Amsterdam is extremely tight, with significantly more demand than supply. This has resulted in a competitive market for buyers. The demand for homes in Amsterdam continues to rise steadily, driven particularly by the city’s popularity. In Amsterdam, we only have 33% home ownership, so that explains a lot.

Over the past couple of years, we have been fortunate to benefit from remarkably low mortgage rates. However, it is encouraging to witness these rates gradually stabilizing towards more typical levels. As a result, it’s important to acknowledge that borrowing capacities may be slightly reduced due to the rise in mortgage rates, so it is always wise to visit a bank or a mortgage advisor and get your numbers clear.

It is crucial to emphasize that the housing shortage in the market continues to persist, driving sustained demand for available properties. The reality is that finding a desirable home remains a challenging task, as there are multiple interested buyers for every property available.

What now?

So, if you are considering purchasing a home in Amsterdam, I provide a tailored approach that considers your unique requirements, preferences, and budget. We do not work with multiple clients who have the same criteria, as we believe in avoiding competition among our clients, we will keep you safe and we work on a no-cure/no-pay base.

Rest assured, if you maintain a realistic view and are open to following our advice, we are committed to finding you an exceptional home where you can create lasting memories.

Call me today for a personalized consultation, and let’s embark on this exciting journey together!