Q3 2019; Smaller homes are flying off the market in De Pijp

De Pijp: a young and highly sought-after neighborhood, attracting a large influx of people from outside the city and from abroad (expatriates). It’s also the go-to area for people in their twenties and thirties.

Buying a home in De Pijp costs an average of 3.8% more than it did a year ago. This increase lags slightly behind the average price increase in Amsterdam of 4.3%. One possible explanation for this is that homes in De Pijp are becoming too expensive for the young demographic that makes up the majority of the neighborhood’s residents.

Prices for larger homes (100+ m²) have risen relatively little compared to those for small apartments (between 15 m² and 40 m²). For a small home in the latter category, you currently pay as much as €8,296 per m² in the popular Amsterdam neighborhood of De Pijp, whereas a year earlier the price was €7,503 (a 10.5% increase). One explanation may be that there is a shortage of available homes in this smaller size category. In fact, there were only 11 transactions in this segment over the course of one quarter.

Danique Helmer, real estate agent at Amsterdam at Home and neighborhood specialist/resident of De Pijp: “Over the past quarter, we’ve successfully closed a significant number of transactions in De Pijp. I know the neighborhood like the back of my hand, which is a big help in ensuring the buying or selling process in this neighborhood goes smoothly.”

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