House prices in Borger-Odoorn have risen extremely. In almost no other Dutch municipality, the prices of existing homes went up so fast.
This is according to figures from the Central Bureau of Statistics (CBS) and the Land Registry. Throughout the Netherlands, the prices of existing homes in the second quarter increased on average by 9.7 percent compared to a year earlier.
In Borger-Odoorn it became much less favorable for home buyers, as the prices went up by 20.2 percent in the past period. Only in Albrandswaard in South Holland was the increase even greater (21.9 percent).
“It is difficult to determine per municipality why house prices are rising so fast,” explains Peter Hein van Mulligen, chief economist at Statistics Netherlands. According to Van Mulligen, it is normal for the house price to fluctuate and that it is one quarter above and the other quarter below the national average.
In addition, according to the CBS, it is possible that the rise in house prices in Borger-Odoorn in 2024 by 5.4 percent was low. As explanations why prices have risen nationally, Van Mulligen mentions, among other things, the low interest rate in the Netherlands and the fact that many Dutch people have built up savings in the past year.
In Drenthe, the increased house prices in the municipalities of Hoogeveen (15.6 percent) and Meppel (13.9 percent) also stand out. In De Wolden and Westerveld, the increases in our province were the smallest. Homes there became 9.0 and 9.1 percent more expensive.
The prices of existing owner -occupied homes in our country reached a peak in the summer of 2022. Then house prices fell, but since the mid -2023 they have risen again. Due to the rises in the past quarters, prices in most municipalities have increased according to the statistics agency to new records.