Economics
Amsterdam Houses Head for Record Prices
- Prices may have peaked with consumers now starting to balk
- Higher prices are forcing local residents to leave the city
Housing on the Reguliersgracht canal in Amsterdam.
Photographer: Jasper Juinen/BloombergThis article is for subscribers only.
Amsterdam’s homes are going for record prices as more expats move into the city.
House prices in the Amsterdam region rose 8 percent in the fourth quarter compared to the year earlier, statistics from realtors association NVM showed on Thursday. The median transaction price was 448,000 euros ($517,000), a new record. Although the pace of the rise was the slowest in almost four years, it was the 22nd consecutive quarterly price increase.