The residents of Amsterdam East
Many young families, cargo bikes with children, and sports facilities. Welcome to Amsterdam East. An area where development is in full swing, with housing developments and new offices around the Amstelkwartier, Amstel station, Eenhoorngebied and the Science Park, amongst others. The population of Watergraafsmeer is therefore expected to increase by 25 percent in the coming ten years. “Whereas this neighbourhood used to consist largely of an aging population, it is predominantly students and young families that are moving to Watergraafsmeer nowadays. Those families are also to be found in the Oostelijk Havengebied, although the aging population is increasing exponentially. Particularly in the Turkish and Moroccan communities”, according to Deni. In the last ten years, the Indische Buurt has evolved from a deprived area into a mixed urban neighbourhood.
In a municipal survey, half of residents said they thought the area had improved. Similar to Betondorp, there are a relatively high number of homes for first-time buyers here. “Proportionally, IJburg is the part of the city with the most children. Of the newbuild development’s 19,000 residents, almost 6000 are children.”
Americans, Brits and Asians living in cities with over a million inhabitants are often surprised by the small-town feel of our capital city. The centre with all its terraces, shops and entertainment venues is never more than twenty minutes away from Weesperplein, Javastraat, Oosterpark or Ijburg by tram or bicycle. “Compare that to London, where it takes an hour and a half to travel from east to west by tube. Even in large parts of Diemen, the city centre is virtually in your back yard”, says Deni. “Take tram 9 at Diemen Sniep and you can be at Dam Square within twenty minutes. Partly for that reason, neighbouring Diemen has become increasingly popular in recent years with highly skilled workers who want to escape the bustle of the city, but would rather not venture into the polder.” Diemen centre is very suitable for first time buyers and you can find somewhat larger (thus more expensive) homes in Noord.
Another striking aspect of Amsterdam East is the construction year of most apartments here. While West has many apartments built in the fifties and sixties, there are considerably more that were built after 1970 in the east of the city. At least half. Across the whole of Amsterdam, around 50,000 new homes will be built by 2030. A new artificial island of eighty hectares is being created in the IJmeer, where at least 600 houses will be built every year between 2020 and 2026. The plan is part of IJburg phase 2, which includes Centrumeiland and the future Buiteneiland.
The housing market in Amsterdam East
Those looking acquire a home in Amsterdam will have to dig deep into their pockets in any case. Around 250,000 Euros will buy you a mere 50 square metres, although that is naturally highly dependent on the area you choose. Those who consult the city of Amsterdam’s interactive map of property values will soon notice stark differences. In general: the closer to the city centre, the higher the average prices. A number of neighbourhoods stand out in Amsterdam East. Most homes located around the Amstel, Weesperzijde and Wibautstraat are very pricey. Prices in excess of 7000 Euros per square metre are not unusual here. One encounters similar prices in parts of Watergraafsmeer, around Copernicusstraat and Mariotteplein.
Park de Meer, the place where Ajax used to play home matches, is somewhat closer to the A10 motorway. Property values are noticeably lower here, around 4000 Euros per square metre. You should be able to find a single-family home here for 425,000 Euros. It is even cheaper just outside the city. In Diemen, you can shop away for a home on a budget of 275,000 Euros.
Mortgage advice in Amsterdam Amstel?
It is busy, homes are more expensive and residents are often a little less happy. Yet very many people dearly want to live in Amsterdam. “Sociologists and other professors have different explanations for that. We think it is because the city simply offers what highly skilled workers seek. A combination of working, going out, restaurants, shopping and cinemas. You can find everything around the corner in Amsterdam East”, according to Deni.
As a result of that popularity, it is no easy task to find a home in this part of the city. The number of homes sold is actually reducing. People are staying put, knowing what a challenge it is to find a new pad. And homes that do come on the market disappear quickly in most cases. That is why Deni from Viisi says: be sure to do your homework. “Know in advance what your financial options are and ensure you receive sound advice. No matter how badly you want a home, do not make an offer without a condition of financing. We know exactly how to incorporate this clause without slowing down the purchasing process. Simply a question of giving us a call and popping in. After all, we are just around the corner.”