Buying a home in Amsterdam during the COVID-19 pandemic

Some homebuyers are giving up 

We are seeing a decline in the number of homebuyers looking to purchase a house or apartment in Amsterdam. Uncertainty surrounding their own businesses or flexible employment contracts is leading some people to put their search on hold for the time being. We are therefore seeing a certain degree of a drop in demand. However, since the number of prospective buyers per property was extremely high last quarter, this correction is unlikely to hurt the market immediately.

Sudden surge in new listings

A large number of sellers have decided to move up the sale of their house or apartment in Amsterdam. This creates opportunities! In recent weeks, we’ve been able to make quite a few of our buyers happy by helping them purchase their dream home!

Will prices fall because of the coronavirus?

In the lower price segment up to €450,000, we are still seeing significant pressure on prices, with many bids and overbids. Within the ring road, prices rose by 3% in the first quarter of 2020 compared to Q4 2019.  The segment up to €750,000 is also still under significant pressure, but in the highest segment, a greater balance is beginning to emerge. For a comprehensive analysis of Amsterdam’s housing market, see our Blog Amsterdam Housing Market First Quarter 2020; Impact of COVID-19?. 

See price trends in the City Center, Oud Zuid, Oud West, De Pijp, and Rivierenbuurt.