Aug 31, 2023 at 6:08 AM Update: an hour ago
The price of an owner-occupied house is currently five times as high as in 1993. Thirty years ago, you still paid an average of around 80,000 euros for a home, but that is now 434,000 euros.
In brief
Price of owner-occupied house is five times higher than in 1993, an average of 434,000 euros Prices in North Holland and Amsterdam rose the most Increase is partly due to migration, tax benefits and limited supply
This summary was created using AI and checked by NU.nl.
Prices shot up especially in North Holland, according to figures from data collector Calcasa. On average, a house there has become six times as expensive in the past three decades. Amsterdam was an outlier. Prices in the capital have gone upside down seven times since the early 1990s.
The increase was relatively smallest in Limburg. But even in the municipality with the smallest increase, Simpelveld, houses are now four times as expensive as thirty years ago.
According to Calcasa, there are several reasons for this extreme increase. For example, the demand for houses rose sharply, partly because there are now more single people. Migration also played a role. Furthermore, the purchasing power of many households rose and the government stimulated home ownership with tax schemes such as mortgage interest relief.
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Lack of new construction pushes up prices
In addition, project developers have been unable to build many houses in recent years due to the nitrogen problem. There is also little building land available. As a result, the supply of owner-occupied houses is small, while the demand is high. This drives up prices.
That has been noticeable in recent years. House prices sometimes rose more than 20 percent in one year. Since 1993, houses have become more expensive almost continuously.
Prices only fell in the period between 2008 and 2013 and in the past year. In the first period, this was due to the credit crisis, while experts see last year’s decline mainly as a cooling of an overheated market. That cooling-off period seems to be over already, because the past two months have seen a price increase.
Beeld: Getty Images
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2023-08-31 07:40:08
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