Homeowners aged 65 and older in Amsterdam are selling their properties less often than expected. According to new figures from the land registry Kadaster, only 13% of all homes sold in the city this spring belonged to an older resident.
That comes despite over-65s owning 19% of all owner-occupied homes in the capital. Across the province of Noord-Holland, Amsterdam has the lowest proportion of older homeowners.
National trends and local prices
Across the country, an ageing population means older residents play a growing role in the property market. Nationally, people aged 65 and over account for nearly one in three home sales, which includes properties left behind after a homeowner passes away.
Research from last autumn indicated that older people often want to move, but see no financial options and struggle to find suitable housing. When older homeowners do sell, the buyer is also more likely than average to be over 65, with one in seven homes going to another senior.
The average sale price for a home in Amsterdam reached 631,000 euros this spring, regardless of the age of the buyer or seller. That is up from an average of 613,000 euros in the first three months of the year, and 612,000 euros a year earlier.
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