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Housing crisis in Indische Buurt

24 December 2008 – Over one in hundred houses in the poor but promising Indische Buurt neighbourhood have been offered for sale, according to research by website Meanwhile, the housing crisis also affects TV producers and the market for house boats.

Over the past two months, 120 houses in the Indische Buurt have been offered for sale, on a total of 11,308. “By Amsterdam standards, this is a lot”, comments’s Saskia Ploeg, “for the housing market has been very tight for years”.

The average price is 225,000 euro for a surface of 63 square metres. The street with the highest number of houses for sale (34) is the Javastraat.

According to, the effects of the credit crunch are felt first at the lower end of the housing market. In addition, the Indische Buurt is an urban renewal area, which also contributes to the number of houses for sale.

Meanwhile, other sectors of the housing market are affected as well. The New York Times reports that prices for houseboats have remained fairly stable due to the limited number of moorings, but quotes a house agent who says he has received fewer inquiries from buyers in the past months. The cost of a modest house boat with mooring would start at 250,000 euros.

Last weekend, de Volkskrant reported on a new television series Verborgen Gebreken (‘hidden defects’) set in the ‘hip scene of house agents’ in Amsterdam Zuid. The series, to be shown by Net 5 from March 2009, is set against the background of a very tight housing market.

Net 5 acknowledged the problem: “We have seen the first two episodes and indeed, it’s about an overheated scene in which house agents have to compete with each other. But the series is mainly about the main characters and their experiences. After all, it is fiction”.

Not all episodes have been shot yet, so there it is still possible to make some changes. “The producers of the series, NL Film & TV, are constantly in touch with real house agents in Amsterdam, so different story lines are conceivable”.

Image: Javastraat


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