How Has the Rotterdam Real Estate Market
During the housing crisis of 2008, house prices declined rapidly, as a result of the financial recession and tight mortgage regulations. This had a negative effect on demand for houses, and resulted in a severe shortage of houses on the market.
However, the Dutch economy has recovered since then and demand for property has remained high. In fact, the number of people looking to buy a home has increased significantly in the Netherlands over the past few years.
In many cities, including Rotterdam, the housing market has experienced strong growth in the last few years, with average prices increasing by more than 30% over the past year. In Amsterdam, the increase has been particularly significant.
How Has the Rotterdam Real Estate Market Performed in Recent Years?
One trend that has been showing up across Europe is a shift in the type of homes people choose to buy. For example, fewer people are buying large villas because they are expensive to maintain, and more are preferring smaller luxury apartments with a view.
Another trend that is changing the way buyers think about housing is the tendency for more people to sell their own homes before buying a new one. This has been a big change in the real estate market in the Netherlands, and it’s encouraging for potential homeowners.
While the overall Dutch housing market has been recovering, there are still several issues that may impact the future of the market. First, there is a shortage of homes on the market, which can make it difficult to find a place you love in a price range that’s affordable for you.
Second, the housing market is becoming more popular among foreign buyers. With interest rates low and a wide range of property types on the market, foreigners are increasingly looking to buy properties in the Netherlands as an investment.
Third, the Dutch government is making it easier for people to borrow money. For example, it is now possible to take out a mortgage that doesn’t have to be repaid until loan maturity. This can be a boon for people with a tight budget.
Fourth, the Dutch government has restructured the taxation of residential mortgages to encourage more people to buy their own property rather than rent. This means that the taxation of residential mortgages has dropped to 68% of GDP, which is lower than the previous level.
Fifth, there is a growing amount of competition for the top real estate markets in the Netherlands. This is a great opportunity for investors who are seeking to make their fortune in the country’s fast-growing real estate sector.
If you’re considering buying a property in the Netherlands, the first thing to do is research the area that you’re interested in. By researching the location, you’ll have a much better idea of how to approach the sale and what to expect from the local real estate market.