4 ms·
Lower borrowing rates are probably the most influential factor, as people can borrow more money to buy a house. Furthermore, investors are being forced into t
by adflux 5y ago
Lower borrowing rates are
probably the most influential factor, as people can borrow more money to buy a house. Furthermore, investors are being forced into the housing market because their savings evaporate every day due to lower interest rates and inflation. There are so many investors buying and then subletting houses that the rents have actually decreased in some cities in the Netherlands
- deleted 5y ago[deleted]
- gambiting 5y agoSo here in UK it hasn't worked out quite like this - yes the interest rates are much lower, but because in general the borrowing risks have increased, banks have massively increased the deposits required. Couple years back you could get a mortgage with as little as 5% deposit, 10% to get the "good" interest rates. Nowadays it's 10-15% minimum, but if you want to see those 1% interest rates you have to put 20% down. That made it a lot more difficult to buy a house for first time buyers.
- adflux 5y ago>That made it a lot more difficult to buy a house for first time buyers. Yes, but not for investors?