Looking to sell a house in Amsterdam City Center?

The Q3 2021 home price figures are in! And what do we see? Home prices in Amsterdam City Center haven’t slowed down yet. Overbidding has become the norm. Are you looking to sell a home in Amsterdam City Center? Then this information will be of great interest to you. We’re also seeing a clear increase in Amsterdam.

Average price per square meter up 4.0% in Q3

The average price per square meter in Amsterdam City Center remained fairly stable for a long time. However, a significant increase was seen in Q2 and now also in Q3 2021. In Amsterdam City Center, the average price per square meter is 4.0% higher than it was a quarter ago. Compared to a year ago, the increase is as high as 11.51%.

The reason the price per square meter continues to rise is that the supply of homes in Amsterdam does not meet the demand. There are more people looking to buy a home in Amsterdam than there are homes available for sale. This causes prices to rise. People are bidding above asking price.

The average transaction price in Amsterdam City Center has also risen slightly. The transaction price rose from €827,876 to €866,549 in Q3 2021. The average transaction price has never been this high before.

Are prices higher in Amsterdam City Center than in Amsterdam within the ring road?

The answer to this question is simple: yes. Transaction prices are significantly higher in Amsterdam’s city center compared to Amsterdam within the ring road. Within the ring road, the average transaction price is €704,780. As we mentioned above, the average in the city center is €866,549.

More bidding wars in Amsterdam City Center in Q3 2021

Along with transaction prices, average bid premiums are also on the rise. We saw more bid premiums in Q3 2021 than in Q1 and Q2 2021.

In Amsterdam’s city center, the average bid premium has risen from 104.6% to 107.0%. That’s an increase of no less than 2.4%! Although transaction prices in the city center are higher than in Amsterdam’s inner ring, this is not the case for the average bid premium. In fact, within the inner ring, the average is even higher, at 111.5%.

In Amsterdam’s city center, homes built after the war are selling for significantly higher prices than their asking prices. Pre-war homes are selling for 105.9% above their asking prices. For post-war homes, this percentage stands at 109.5%. The extent to which homes sell above their asking prices also varies by square meter. Homes ranging from 15 to 40 square meters and from 60 to 80 square meters are selling for the highest premiums.

Conclusion: Should you sell your house in Amsterdam City Center or not?

The coronavirus crisis has not (yet) led to a housing crisis, even though many had predicted it would. The NVM reports that the number of home sales in the Netherlands has actually increased by 4%. Given the current tight housing market, this is a very positive development.

Looking to sell your home?

Are you thinking about selling your home in Central Amsterdam? As you’ve read in this article, the number of homes sold in Amsterdam continues to rise despite the impact of the COVID-19 crisis. We’d be happy to help you with the sale.

Our real estate agents are here to help you take the right steps to sell your home. Among other things, we’ll help you find suitable potential buyers. Are you looking to buy a new home in addition to selling your current one? If so, we’ll work with you to find available properties.

Feel free to contact us for more information.