RaboResearch - Economic Research

Dutch Housing Market Quarterly Dutch version

After the trough

The Dutch housing market will finally grow again in 2014. In terms of both pricing and the number of sales, we are out of the trough. The recovery is not broadbased yet, arrears still increase and the construction sector will pick up in 2015.

Dutch Housing Market Quarterly Dutch version

Stabilisation of the housing market continues

The Dutch housing market stabilised in the last six months of 2013. Sales increased and the price of existing owner-occupied houses remained unchanged. In 2014 we expect a modest increase in sales and a stabilisation of house prices.

Dutch Housing Market Quarterly Dutch version

Housing market showing signs of a fragile recovery

As expected, the housing market is picking up slowly but surely. Some indicators are pointing to recovery, but it is still fragile. We expect an increase in sales in the fourth quarter of 2013, and stabilisation of prices in the course of 2014.

Dutch Housing Market Quarterly

Kwartaalbericht Woningmarkt september 2013 (Dutch)

Rabobank voorziet stabilisatie van de woningmarkt. Tegelijkertijd zien we een risicoverschuiving op de woningmarkt van beleidsonzekerheid naar economische onzekerheid.

Dutch Housing Market Quarterly

Dutch Housing Market Quarterly

Several signs indicate a possible market recovery. E.g. the affordability of housing and consumer confidence improved due to lower prices since 2008. However, economic upturn is essential for a substantial recovery of the housing market.

Dutch Housing Market Quarterly

Dutch Housing Market Quarterly June 2013

The bottom of the Dutch owner-occupied housing market is in sight. The fall in house sales has virtually come to a halt and price declines have also slowed. We expect this development to continue and that house prices may stabilise as well in 2014.

Dutch Housing Market Quarterly

Kwartaalbericht Woningmarkt juni 2013 (Dutch)

De bodem van de Nederlandse koopwoningmarkt is in zicht. De daling van de woningverkopen is vrijwel tot stilstand gekomen en ook het tempo van de prijsdalingen is afgezwakt. Mogelijk stabiliseren de woningprijzen in 2014.

Dutch Housing Market Quarterly Dutch version

Dutch Housing Market Quarterly February 2013

The second-hand housing market recorded a good fourth quarter in 2012. Prices stabilised and house sales rose considerably. The main reason was that buyers had a strong incentive to sign a provisional sale agreement before 1 January 2013.

Dutch Housing Market Quarterly

Kwartaalbericht Woningmarkt (Dutch)

De situatie op de woningmarkt zal de komende anderhalf jaar niet structureel veranderen. Wel verwachten we een tijdelijke opleving van de transactieaantallen in het laatste kwartaal van 2012. De woningprijzen zullen onder druk blijven staan.

Dutch Housing Market Quarterly

Dutch Housing Market Quarterly

The Dutch housing market will see no meaningful change in the short term. Prices will fall and sales numbers will remain low. However, we do expect to see a temporary pickup in sales in the fourth quarter of 2012.

Dutch Housing Market Quarterly

Kwartaalbericht Woningmarkt (Dutch)

Dit en volgend jaar zullen de prijzen van koopwoningen blijven dalen en het aantal verkochte huizen laag blijven. In 2012 zullen de prijzen van bestaande koopwoningen gemiddeld met 5% dalen. Voor 2013 wordt een daling van 4% verwacht.

Dutch Housing Market Quarterly

Dutch Housing Market Quarterly

In the second quarter of 2012 second-hand house prices fell further. We have seen the number of houses for sale continue to rise, while disposable income is dropping. Therefore we do not expect this picture to change during the coming quarters