Jersey City, NJ – According to analysts predictions residential real estate in the country will rise in price by an average of 8% by the end of Q1 2023. By the end of 2023, additional 5% increase is expected despite the ongoing coronavirus pandemic. The upward trend in house prices continues in the Netherlands as the ever-increasing demand for property acquisition broke the ever-recorded price record in Q4 2022.
Experts have updated their forecast for house prices made at the end of 2020 due to the improved economic situation in the Netherlands. Previously, analysts had expected real estate prices to increase by 5.5% in 2022 and 2.5% in 2023.
In January 2023 house prices in the Netherlands increased by 9.3% compared to December denoting the largest increase in two years. Thus the average price of apartments in the Netherlands in January 2023 hit 360,000 euros ($425,000). It’s the peak of prices for real estate in the Netherlands ever recorded for the entire period of observation.
The ongoing shortage of real estate on the market and favorable conditions for financial inflow also contribute to the rise of property prices. This is why Orama Estates LLC experts consider 2023 a time of significant changes in trends, and also assessed the most profitable periods in the Netherlands realty segment. Now is the best time to invest in the Netherlands real estate market. Orama Estates LLC offers its clients a variety of plans and projects. Contact us to get more details on existing offers and expand upon your portfolio.
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Pure Economic journalist was involved in the writing and production of this article.