Competition up in Amsterdam as Domestic and International Buyers Flood Market

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“We see buyers from Amsterdam itself, the rest of the Netherlands who would either like to move permanently to Amsterdam or buy an expensive pied-a-terres, investors who buy to let, and of course international buyers, including buyers from the U.K., United States and Asia,” said Leslie de Ruiter, managing partner at Residence 365, an affiliate of Christie’s International Real Estate in the Netherlands.

Across the board, he said, these buyers are interested in move-in ready properties with outdoor space.

“It is easier for us to sell the best of the best against a high price than a property which still has to be renovated against a lower price,” Mr. de Ruiter said. “Outside space is also important, and buyers prefer a house or apartment with a small garden or a terrace instead of one without any outside space.”

Among wealthy investors, neighborhoods like the cultural hub of Oud-Zuid, City Centre, and Zuidas are particularly popular, and the rise in home values in these areas are pushing less wealthy buyers to the suburbs and city outskirts.

The convenience offered by Amsterdam’s location, as well as its thriving economy, should continue to draw in new expats this year.

“Amsterdam is one of the most sought-after destinations by expats and international companies,” said Peter Beerents, senior managing partner of Baerz & Co., a luxury home agency group in Amsterdam. “It’s centrally located in Europe, many languages are well spoken here, it has an attractive tax climate for internationals, there’s a highly skilled labor market, and Schipol airport connects to metropolises around the world.”

Photos: George Pachantouris / Getty Images