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Housing market tighter than ever this century, new-build housing costs more than four hundred thousand

By 20 juli 2020augustus 10th, 2020News

It is known that there is an extreme shortage on the housing market and this is evident in how quickly a house is sold and how high the demand is for a house. The sales price for new and existing homes increased by 9% compared to last year.

Figures from real estate association NVM show that in the second quarter of 2020 only 7,200 new-build homes and plots were sold, an increase of 8% compared to last year. The sales price of a new owner-occupied home rose to € 401,000.

In contrast to new-build homes, the number of existing homes sold fell by 4% in the second quarter. 52% of the existing homes were sold above the asking price. An average of € 335,000 was paid, which is 9% more than a year ago.

According to data from NVM estate agents, a potential buyer could choose from 2.7 homes. “There is a very tight market. In 2020, the housing market will be tighter than ever before this century. ” According to NVM brokers.

According to them, “substantially” more houses should be built. “This requires strong direction from central government in particular,” says NVM chairman Onno Hoes. “Having your own minister to live in the next cabinet is very important.”

Source: Cobouw