Is investing in 'bricks' worthwhile? Herengracht index provides historical insight.
House prices in the Netherlands have doubled in ten years. Is this something new? Or have bricks always become more expensive? Popular science magazine Quest dug into the matter and found insights with UM professor Piet Eichholtz.
As professor of real estate finance at UM, Eichholtz developed the so-called 'Herengracht index'. It describes the development of house prices on Amsterdam's most famous canal between 1628 and 1975. Instructive figures, not only for those interested in a loft on the Herengracht for 2.5 million euros.
Read more at the website of Quest (in Dutch).