Property prices across the Netherlands rose by 3.2 per cent in the year to December, although average values in the country’s capital far exceeded this growth.
Newly released figures from the Dutch Association of Estate Agents and Valuers show that home prices in Amsterdam increased by 9.7 per cent last year – extremely strong growth considering that prices in the capital city had recorded a 17.4 per cent increase in the final quarter of 2014.
House prices in Holland have now been rising consistently since mid-2013, and recorded their biggest monthly price gain in seven years last November. However, the Dutch national average property price is still 16.4 per cent lower than when the housing market reached its peak back in August 2008.
In Amsterdam, prices are 3.6 per cent below what they were before the global financial crisis engulfed the market in 2008.
The latest EU House Price Index reveals that the Netherlands had some of the fastest growing house prices in the EU up to the third quarter of 2015.