October 26, 2020

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Real estate prices in Groningen are rising the most | money

Real estate prices in Groningen are rising the most | money

The smallest increase was recorded in Friesland, where prices were still 7.2% higher. According to the quarterly report published on Thursday by the data agency Calcasa, this increase was also recorded in North Holland and Limburg.

There are no fewer than five municipalities in Groningen among the top 10 municipalities with the highest price development in the Netherlands: Westerwolde, Delfzijl, Oldambt, Stadskanaal and Het Hogeland. The city of Groningen ranks 25th with a price increase of 10.1%.

Utrecht

In Utrecht the average property price rose by 10.7%, followed by The Hague and Rotterdam by 10.0% and 9.4% respectively. In Amsterdam the average price increase was only 6.5%. This puts the capital just outside the top 10 municipalities with the lowest price development in the past year.

According to Calcasa, Dutch homeowners now spend an average of 13.6% of their monthly net income on net housing costs. During the peak of 2008 that was 27.0%. The relatively good affordability is mainly due to the current low mortgage rate, says Calcasa.