Last year, an increase of 235 billion euros accounted for almost a quarter of this total increase in value. The total value of all owner-occupied homes together is now 1.9 trillion euros.
14.6 percent of the average net monthly income is now spent on net housing costs. The relatively good affordability is mainly the result of the current low mortgage interest rate.
credit crunch
The choice was made for mid-2013 because the Dutch economy climbed out of the trough after the credit crisis, according to the researchers. At the time, the owner-occupied housing stock was ‘only’ worth 900 billion euros. That was more a few years earlier, but during the crisis the prices of owner-occupied homes fell, so that many houses were flooded and were not sold or sold at a loss.
However, that decrease has been more than offset by the total value increase of 1 trillion euros since 2013, according to Calcasa. The average home value at the end of 2021 was at a record high of 431,000 euros. At the lowest point of the credit crisis in mid-2013, the average value per house was 223,000 euros.
In the meantime, owner-occupied homes have been built (8.5 percent), which distorts the figures slightly, but even without that effect you pay more per square meter of house and land. The average owner-occupied home in the Netherlands increased in value by 93 percent in the period after mid-2013.
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Top 3
It is not surprising that Noord-Holland predominates. House prices in this province have more than doubled in the past 8.5 years, South Holland and North Brabant complete the top 3.
Amsterdam has 125,000 owner-occupied homes, none of which are affordable for Jan Modaal. The housing value in the capital has increased by more than 45 billion euros in 8.5 years. This amount is double the number 2 on this list: The Hague.
Type of housing
How much a house has increased in value, of course, also depends on the type of house and the price range. Over the past year, the value has increased most for houses between 1.5 and 2.5 tons (21 percent), followed by the price range up to 3.5 tons (20.0%).
Homes for which you had to pay more than 5 tons increased in value the least; the price of these homes rose by 18.8 percent in the past year. After all, there are fewer privateers on the coast for these expensive houses.
Incidentally, home sellers do not necessarily benefit from the increased house prices, because they often have to buy back a more expensive home unless they start renting.
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Almere hardest riser
In the province of Flevoland, the average house price rose the fastest of all provinces, at 24.8 percent on an annual basis. Now that Amsterdam is unaffordable, people move out.
In the municipality of Almere, house prices rose by 25.1 percent year-on-year and by 49.1 percent over three years. This is the highest price development of all municipalities in the Netherlands (with more than five thousand owner-occupied homes).
Of the four major cities, house prices rose the fastest in Utrecht, at 21.9 percent year-on-year. Amsterdam has the lowest price development of the four major cities at 16.4 percent. The max seems a bit reached there.
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