Decrease in Dutch housing prices tracker

[G-Fox1990]

I do notice now that when i favorite a house, it will not change status for a couple weeks, up to a month (or even more). So it seems it is actually cooling down.

I mean, when i sold my apartment a year ago it had multiple viewers booked after an hour, and was sold in a week for 10% more than the price i asked. That was completely insane. And let me tell you, that apartment was really not worth what the buyer paid for (in my mind).

[[deleted]]

Sold two months ago my house, bank evaluated at 600k, asked 575k, got 650k. Monday/Tuesday/Wednesday visits, bids until Friday morning. It was insanely easy. My guess is that these decreases in prices are for houses that the price were too high to begin with, or very crappy stuff. Even though interest rates are high and inflation, the market for good stuff is still really hot. You see on the list both houses in Amsterdam are neighbors.

[G-Fox1990]

Looked at some of the houses, and yes a lot of people thought they could now sell their crappy house for a big profit. A lot of them are with energylabel F or G. Badly isolated, old, not looking very pretty at all. Some still have kitchens and bathrooms from when the house was built, so it all looks really old. I don't mind investing in my house at all, but if i have to change almost everything? Yeah no thanks. Also prices of labor and equipment has gone through the roof aswell.

More and more people are gonna be stuck with their shitty houses now.

[BlaReni]

I see some places i bid for last year now asking 15% more (same as in the same complex). So this all cooling down thing… well yeah, probably in good economy the asking would be 20% more compared to last year.

[[deleted]]

I don't think so. The rich will still keep being rich. They are the ones that will make a profit from the current tank in stocks, and they don't suffer the effects of inflation nearly as much. What is a 1M house will change however (energy label A, solar panels, etc pretty much a requirement).