Winkelcentrum Amstelveen

‘Amstelveen: village life with a touch of Amsterdam’

Henk Burger, Henk Burger Makelaardij

‘Amstelveen: village life with a touch of Amsterdam’

This year’s Woon Amsterdam report, which provides an insight into the current situation of the owner-occupied housing market in Amsterdam, came with an additional publication on the theme of Amsterdam and the Metropolitan Area. This is no coincidence, of course. Due to the pressure on the housing market in Amsterdam, bordering municipalities are becoming increasingly important. Amstelveen, where our office is based, is one of those. Located on the South of Amsterdam, Amstelveen has it all; the advantages of a ‘metropolis’ and that typical village-feeling, with a touch of Amsterdam.

Light, air, greenery and water are all elements that are well-represented here. This part of the reason why, following South Amsterdam, Amstelveen’s housing prices have also increased significantly in recent years. Prices of 1930s-houses, for instance, have risen by 20% in 2016 and 8% in 2017.

I said it before, Amstelveen has everything. Besides light, air, greenery and water, the municipality offers a wide range of properties. From small apartments to luxurious detached villas. From 1920s- and ‘30s-houses to newly developed properties finished in 2016. For a long time, ‘You call, we haul’ was the motto. I emphasise ‘was’.

More and more people are getting acquainted with the area and see it as an alternative option if they don’t succeed in South Amsterdam. The fact that the cost of an apartment in Amsterdam can get you a house with a garden in Amstelveen, has resulted in an enormous increase in demand. And now this market, too, is at risk of running somewhat dry.

To keep up with the demand, a few office buildings are being redesigned as housing blocks, and several areas are being densified. An example of this is the Sportlaan, where several offices have been demolished and new houses and apartments are being built.

What’s remarkable is the fact that the supply of rental houses has risen enormously. At the end of 2017, 301 houses were up for rent, while that number was merely 189 at the same time a year earlier.

The number of owner-occupied homes on the market in Amstelveen was only 398 at the time of writing, while in the same period in 2017, this was 760. The increase in price of owner-occupied homes has stagnated in the third quarter of 2017. But with a price increase of 21% in 2017 and 12% in the first part of 2017, the market has shown that the demand is many times bigger than the supply.

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AMSTELVEEN
Amstelveen is a city and municipality in Noord-Holland. The North of its urban area borders Amsterdam. Amstelveen’s population is almost 90,000 (2017) on a surface area of 44 km2.

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