Apartments cheaper, houses more expensive

7th October 2004, Comments 0 comments

7 October 2004, AMSTERDAM — Buying apartments in the Netherlands got cheaper in the third quarter of this year, but house prices rose.

7 October 2004

AMSTERDAM — Buying apartments in the Netherlands got cheaper in the third quarter of this year, but house prices rose.

Apartment prices fell by 0.8 percent to an average of EUR 154,000, according to figures published by the Dutch estate agents association NVM on Thursday.

The NVM said there are an increasing number of apartments on the market.

The average price of a house rose by 0.3 percent in the third quarter compared with the previous quarter. The average price for a house now in the Netherlands is EUR 217,000.

The average increase of house prices over the first three quarters of the year is 1.9 percent.

The NVM described the Dutch housing market as robust. "The NVM expects in the coming quarter that prices will remain stable," chairman Oscar Smit said.

[Copyright Expatica News 2004]

Subject: Dutch news

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