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Difference in the price of the cheapest and most expensive region is up to 175,000 euros

2019-08-12T09:23:13.872Z

The price difference between the cheapest and most expensive provinces to buy a home has risen to 175,000 euros this year, Rabobank economists report Monday. In North Holland an average of 388,000 euros is paid for a home, while in Groningen the average price is 213,000 euros.



The price difference between the cheapest and most expensive provinces to buy a home has risen to 175,000 euros this year, Rabobank economists report Monday. In North Holland an average of 388,000 euros is paid for a home, while in Groningen the average price is 213,000 euros.

Before the financial crisis, the price difference between the cheapest and most expensive province was around 100,000 euros.

"But because the already expensive houses in North Holland have risen in price faster in recent years than the houses in the province of Groningen - where houses are the cheapest - that difference has risen sharply," explains housing market economist Carola de Groot.

The price increases are leveling off, economists note. In the second quarter of this year, an average of 303,000 euros was paid for a home. That is almost 18,000 euros more than a year earlier. Compared with the low point in the second quarter of 2013, it is 92,000 euros more.

In Amsterdam, an average of 472,000 euros was paid for a home, an increase of 6.9 percent compared to a year earlier. In Utrecht the average price rose by 9.7 percent to 378,000 euros.

Source: nunl

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