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Holiday homes are no longer running smoothly: ‘More choice for buyers’ | Money

If you take the inflation rate into account, the price of holiday homes even fell in real terms last year. In the period between 2015 and 2021, prices continued to rise by an average of 6% per year, with a peak of 13%. On average, €179,000 was paid for a holiday home last year, the NVM noted in its annual report on the sector.

In total, approximately 6100 holiday homes were sold in the Netherlands last year. This is a decrease of almost 23% compared to the record year 2020. “The main reason for the current decline in sales numbers must be sought in changed legislation and regulations,” says Rienks van den Berg, portfolio holder for recreational homes at the NVM.

The new rate for the transfer tax came into effect on 1 January last year. For a holiday home of €180,000, 2% transfer tax still had to be paid in 2020, or €3,600. In 2021 this amount increased to €14,400.

Sunny

According to Van den Berg, the small price increase for holiday homes is somewhat distorted by a different composition of the stock of holiday homes sold. He sees it from the bright side. “There are also positive developments. Mainly the increase in supply. Ultimately, this also creates more choice for the consumer. And maybe the market will be a bit more balanced.”

Nevertheless, the market is still tight with a lot of demand and little supply, according to the NVM. The average asking price has increased by 33% to €306,000 compared to 2020. The explanation for this is that many new-build holiday homes have become available with an asking price between €200,000 and €500,000.

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Almost 50% of the transactions are now above € 200,000. In 2020 this was still 31%. In 2020, a holiday home was on the market for an average of 385 days. That has fallen to an average of 222 days in 2021. The tightest market is the Frisian and Overijssel Lakes region, followed by Twente and the North Holland coastal area.

Wadden

The Wadden Islands have traditionally been an expensive region. In 2021, the average price here fell by more than 15% to €317,000. Despite this decline, the Wadden Islands are still the most expensive region in the Netherlands. With an average sales price of €140,000, the Veluwe/Utrechtse Heuvelrug will be the region with the lowest sales prices in 2021.

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