Pursuits
In Amsterdam, the Housing Market Is Showing Signs of Overheating
- House prices surged by almost 21% in the first quarter
- Supply-and-demand imbalance is pushing values higher
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It’s getting hot in the Amsterdam property market.
The Netherlands, the nation of tulipmania almost 400 years ago, saw prices in its capital city surge almost 21 percent in the first quarter. While the blame partly falls on a simple supply-and-demand imbalance, the signs are pointing to a potential squeeze. In London, by comparison, government data show prices rose about 14 percent from a year earlier, according to Savills Plc.