The Telegraaf reports a shift in the Amsterdam housing market, among others. Recent surveys show there are fewer viewings and fewer offers being made. According to the newspaper, active negotiation is returning to the market.
The greatest price pressure is currently seen in homes that need renovation. These properties are more difficult to sell due to the higher cost of building materials and a shortage of skilled labor. As a result, buyers who are willing to renovate stand to benefit the most.
Aankoopmakelaar Amsterdam’s response
The article features several real estate experts, including Niels Bakker of Aankoopmakelaar Amsterdam.
“There are sometimes excellent properties available at attractive prices, but there are hardly any viewings. Six months ago, you might have seen thirty interested buyers. Now, the question is whether you even need to outbid other offers.”
Another expert adds, “Our work is becoming more interesting. It’s no longer just about submitting an offer.” This view is shared by Aankoopmakelaar Amsterdam.
Read the full article at Telegraaf.nl
Causes of a cooling housing market
The cooling housing market is the result of several factors. The biggest factor is the mortgage interest rate. As rates have risen since early 2022, buyers are able to borrow less. This also affects homeowners looking to move who have equity in their current homes.
Why working with a buying agent is more relevant than ever
A cooling market creates more opportunities for you as a buyer, especially with the support of a professional buying agent. Aankoopmakelaar Amsterdam specializes in home purchases throughout the greater Amsterdam area with a dedicated team of four agents. Feel free to contact us for more information or take a look at our recent successful purchases in the Amsterdam region.
