6,5% more homes sold in the first half of 2020Published on 03-08-2020
In the first 6 months of 2020, 106,431 transactions have now been recorded, which is 6.5% more than last year in this period. The average purchase price came to € 324,250, which is 7.5% higher than in June last year. This reports Woningmarktijfers.nl
In June, 17,716 housing transactions were registered by Kadaster. That is 14.3% more than in June last year. In the first half of 2020, buyers paid an average of € 327,000 for their owner-occupied home, 8.3% more than in the first half of 2019. In Amsterdam, the average purchase price has almost doubled compared to 2013.
Most transactions in Amsterdam, price increase almost 100% since crisis year Amsterdam is the city with the most housing transactions, almost 4,500 in the first half of 2020.
The average purchase price is € 505,000. The purchase increase compared to the full year 2019 is 4.3%. Compared to 2013, the average purchase price has almost doubled. The developments per municipality vary considerably. Laren is currently the frontrunner with a rounded € 879,000. In 14 other municipalities, the average purchase price exceeds € 500,000. In seven municipalities, the average purchase price is less than € 200,000. Pekela is the cheapest municipality, here an average of € 158,500 is paid for a house.
No shrinking housing market.
In the first half of 2020, buyers paid an average of € 327,000 for their owner-occupied home, 8.3% more than in the first half of 2019. The number of transactions in the past six months came to 106,431, 6.5% more than last year in this period of time. Kadaster registers at the time of notarial transfer of the house, usually a few months after the seller and buyer have signed the purchase agreement. The graph below shows the steady price development per quarter from 2013. In the past 7 years, the average purchase price has increased by 55%. The differences per home type The purchase price of an apartment and corner house increased by 9.1% slightly more than for the other housing types. In the first half year, 2.7% fewer apartments were sold, with the other housing types we see an increase, ranging from 8.2 for 2/1 roof houses to 10.8% for detached houses.
As usual, results vary by province. Groningen is the cheapest province to buy a house with € 235,700, North Holland the most expensive with € 413,600. Flevoland shows the largest price increase in the first six months, a whopping 12.6% more than last year in this period. In Zeeland, the increase is limited to 6%. In North Brabant, the number of housing transactions rose by 11.1% the most in the past six months. Overijssel follows with 10.2%. The increase is the smallest at 1.4% in Groningen.
Expectations for the second half of the year.
Several banks and economists are making predictions for the rest of this year and 2020 as a whole. A perilous undertaking in view of past performance. ING economists, for example, expect that the number of transactions for 2020 may well be 150,000. This would mean that only 43,500 transactions would take place in the coming six months, 63% less than in the second half of 2019. Of course, corona can still have some impact on the housing market, but little is noticeable for the time being. The NVM's sales for the second quarter do not point in that direction either.
Source: Vastgoedjournaal, 31th of july by the redaction
6.5% more homes sold in the first half of 2020