In total, more than 207,000 mortgages were closed in the first half year, 22 percent more than a year ago. As a result, the total mortgage amounts has also increased considerably. That amounted to 78.5 billion euros, an increase of 32 percent. The average mortgage amount when purchasing a home increased by 9 percent on an annual basis to 491,000 euros.
Popular houses with garden subdued child at municipalities, but construction of ‘chicken coops’
Older buyers borrowed much less than younger buyers compared to the purchase price. This was especially true for buyers of homes of more than 500,000 euros and transferers. They more often benefit from the surplus value on their house, the Land Registry argues. They also often live smaller and cheaper, which means that they have to borrow fewer less relatively.
House prices have risen further in recent months. According to figures from the Central Bureau of Statistics (CBS) and the Land Registry, existing owner -occupied homes were 9 percent more expensive in July than in the same month a year earlier. However, a flattening of that increase has been visible for several months. But the demand for homes in the Netherlands is still much greater than the supply, which drives out prices.
Trend
Another trend is that a relatively large number of homes are put for sale in the Netherlands. For example, most homes were put for sale in almost twenty years in the second quarter, according to the Dutch Association of Real Estate Agents (NVM).
Starters get more competition on a housing market, ‘especially young transfer has a dash for’
This is mainly due to the so -called bulging of former rental properties. Landlords sell their rental houses more often as a lease, because it is less attractive for them to rent out a house due to changed legislation.