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What has happened? Economists at a major Dutch bank have predicted that house prices in the Netherlands will continue to fall next year, but costs on the Dutch housing market will likely rise again from 2025.
Details. Economists at ABN AMRO bank predict that house prices in the Netherlands will fall by 5% in 2023 and another 3% in 2024. However, this does not mark the beginning of a long-term trend, as after the decline expected in 2024, “the end of the price correction is in sight.” This means that the cost of buying a home in the Netherlands is likely to rise again from 2025.
The problem. In spite of these forecasts, ABN AMRO explains that salaries are not high enough to make buying a home in the Netherlands an affordable option for many, especially first time buyers. This means that the number of housing transactions will fall by 5% this year and by 2.5% in 2024.
Source: I am Expat
Photo by Gaurav Jain on Unsplash
