Housing market shake-up is benefiting buyers in Amsterdam
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Loading... - Gonzalez Antonia
- 26 Apr 2023
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With house prices down over 8% in the first quarter of this year there are real signs that the market is being shaken up. So what does this mean if you are planning to buy for the first time in Amsterdam or even sell and move to a new place in the Dutch capital? ‘At the end of last year there was a downturn in the number of people interested in buying a house, and that includes Amsterdam,’ says Expat Mortgages advisor Richardo Cruz Fortes. ‘But this year that has changed and people are becoming more interested again, even though interest rates are rising.’
As a company, Expat Mortgages talks to some 100 potential buyers a week and, says Richardo, it was clear that negative news about the housing market had taken over from people’s emotional decision to buy.
‘Some people became more reluctant to commit or put their hunt for a new home on the back burner, but we have some clients who realised that the downturn gave them more options because fewer people were going to viewings,’ he says. ‘At the same time, estate agents had more time to talk to them about the ins and outs of a particular property and in some cases they were even able to talk down the price.’ Read More…
