By the end of last month, 16,500 houses were for sale on the Dutch market. That’s 44% less than last year, meaning the lowest number ever recorded at the end of a quarter.
NVM (the largest association of real estate owners and appraisers in the Netherlands) says to NU.nl that the overheated market means that the gap between homeowners and home seekers is widening.
Are we surprised? 🙄
Better bid now — but only above asking price
If you’ve been lucky enough to find a suitable house on sale in the Netherlands, you better lock it down fast. Homes are only listed for approximately 23 days before finding new owners!
That’s the shortest amount of time houses have been on the market ever. 🏃♂️
But not only do you have to bid fast, but you also have to overbid the other hopeful (desperate?) new homeowners. On average, buyers paid 8.6% more than the asking price in the past three months — echt!
The difference between asking and selling price is largest for terraced houses: landing at 10.7%, and lowest for detached houses with an average of 4.1% difference.
Shocked by the prices offered, real estate agent and chair of the NVM Housing Department, Lana Gerssen, told NU.nl that she consistently sees buyers bidding “top prices to trump other buyers.”
What do you think of the Dutch housing market? Tell us in the comments below!