House prices in the Netherlands rose by almost 7% last year, according to new figures from national statistics agency CBS and the Kadaster land registry office.
The picture across the Holland Metropole region is very varied, with Utrecht showing the biggest increase at 8%. By contrast, house prices in Amsterdam rose by less than half the national average at just 3.4%. At the end of last year, the average price of a home in the Dutch capital topped €500,000 for the first time.
The five big cities involved in the Holland Metropole project are all working towards increasing their housing stock to cope with their growing populations. According to Dick van Hal, CEO at Bouwinvest, the new figures show the need for further close public-private cooperation at a Holland Metropole level. Only then can challenges surrounding the housing stock and infrastructure be addressed. ‘The Holland Metropole partners are looking at the issues from the bottom up – from the perspective of developers, investors and locals,’ says Van Hal. ‘This is the way to build a sustainable approach to urban development.’
Yet despite the efforts of local authorities, developers and investors, the number of new homes being built in the Netherlands is forecast to shrink 5% this year. Not only have thousands of projects been put on hold because of pollution constraints, but the number of new permits has also dropped sharply, according to research by the construction sector economic institute EIB.
The EIB says that by 2022, production will rise again, with growth forecast to reach 7%. This would add 70,000 new homes a year to the Dutch housing stock, still slightly down on the 75,000 government target.