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The housing market in the Netherlands is a complete train-wreck for almost a decade. The climate crisis pressing down on the ability to build new houses, the ne
by hetspookjee 5y ago
The housing market in the Netherlands is a complete train-wreck for almost a decade. The climate crisis pressing down on the ability to build new houses, the negative interests rate and a flailing government makes matter consistently worse. In Q1 2021 the prices rose with almost 12% compared to previous year, and the prices are rising almost quicker and quicker by each month, with no clear end in sight.
Yes, the loan rates are on a historical low, but have been already for a few years now.
- Aeolun 5y agoTrying to move back to the Netherlands, but I despair of ever trying to buy a house there. Half a million is not uncommon for the area I’m looking :/ and that’s in a tiny suburb half an hour from Amsterdam. Like, salaries do not seem to have similarly risen, so who the hell is buying these houses?
- Ekaros 5y agoSalaries don't need to raise when interest rates drop. For same payment with lower interest rates you can service much higher principal. For example at 1000€ month 5% rate you could loan 151 525€ but with 1% rate you could loan 217 441€...
- Aeolun 5y agoTrue. The problem is that housing prices have risen by several hundred percent.
- Shaddox 5y ago>Like, salaries do not seem to have similarly risen, so who the hell is buying these houses? People and institutions looking for a way to 'park' their funds in a safe investment.