The coronavirus crisis has had little impact on the Dutch housing market so far, estate agents and statisticians say. House prices rose by an average 7.7% in May, although fewer properties are changing hands year on year, according to the latest figures from national statistics agency CBS and the land registry department.
House prices have been rising steadily since June 2013 and have now reached their highest ever level, the CBS said. The number of million-euro homes in the Netherlands rose last year by more than a fifth to 65,000, according to property researcher Calcasa. Figures from the Dutch real estate agents association NVM reinforce the view that the coronavirus crisis has yet to have an impact on the housing market.
In the first month of the crisis, 12% of the homes being sold cost more than €500,000, but that percentage has now risen to 17%, the NVM said. ‘This data relates to the current situation, but on the basis of these facts, we would definitely distance ourselves from negative forecasts,’ NVM chairman Onno Hoes said in June. ‘When buying or selling a home, people think long-term.’ The NVM also notes that the number of properties available for rent has risen by some 13% compared with pre-crisis levels, as homes which are rented out permantly via platforms like Airbnb come on the market.
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