The problems with the energy network in the Netherlands are increasingly putting pressure on the new construction sector. Construction projects do not receive the necessary connection to the grid in time, meaning new homes sometimes remain empty for up to six months, says the real estate agents' association NVM.
Existing owner-occupied home prices increased slightly in the third quarter, the second slight increase in a row, the realtors’ association NVM reported. The period of home price decreases seems to be over. The tightness in the housing market also increased, and that is reflected in more people overbidding again, the realtors said on Thursday. The average existing home sold for 422,000 euros in the third quarter of 2023, 1.7 percent more than the second quarter. Compared to the third quarter last year, the average sale price was still 1.7 percent lower.
The slowdown in housing construction and various government plans are bringing the housing market to a standstill, realtors’ association NVM told De Telegraaf.
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