Strongest rise in house prices in 21 years: almost 18 percent more expensive than a year ago

Strongest rise in house prices in 21 years: almost 18 percent more expensive than a year ago

The overheated housing market once again set a record in August. Existing owner-occupied homes were 17.8 percent more expensive than a year earlier. House prices rose even faster than in July. According to the Central Bureau of Statistics (CBS), the price increase in August is the largest since September 2000.

Over the past six months, the prices of owner-occupied homes have risen time and again to new record highs. A house is now on average 78 percent more expensive than in 2013. House prices reached a low point in that year.

Fewer homes changed hands in August, as is usual in the summer. The number of sales fell by 9 percent to 17,257 transactions.

Billion euros

Yesterday, the cabinet confirmed that it will invest 100 million a year over the next 10 years to build 900,000 homes. In total, this is therefore one billion euros.

In the Speech from the Throne, King Willem-Alexander mentioned the housing market as one of the major domestic themes that must be addressed. Many parties from the House of Representatives seized the opportunity of Budget Day to say once again that a missionary cabinet must be established quickly. Only then, according to them, can the problems mentioned by the king, such as the housing shortage, be properly addressed.

‘Houses not for princes’

On Sunday 12 September there was a housing protest in Amsterdam’s Westerpark. Thousands of opponents of the current housing policy spoke out against the exploding house prices, rising rents in the private sector and the shortage of social housing.

The activists walked with signs with texts such as ‘Houses for people, not for princes’ and ‘Landlords function elsewhere’. The participants also jointly chant slogans such as ‘people above the market’ and ‘Fuck the housing market’.

Strongest rise in house prices in 21 years: almost 18 percent more expensive than a year ago
Source link Strongest rise in house prices in 21 years: almost 18 percent more expensive than a year ago

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