Increased loan capacity reverses recent decline in home purchase prices
Purchase prices rose slightly again in the third quarter of 2023, but the number of mortgages closed, and the number of homes sold stabilized. Due to the enormous tightness in the owner-occupied housing market, the widening of the maximum borrowing capacity of households immediately leads to rising sales prices. As the supply of (newly built) owner-occupied homes will remain limited in the coming months as well, the purchase price development in the coming period will also depend heavily on the changes in maximum loan capacity.
This is according to the forty-third Monitor of the Housing Market for the third quarter of 2023, on Wednesday, 8 November, presented by the Expertisecentrum Woningwaarde, which is part of TU Delft's Faculty of Architecture and the Built Environment.
Read the full article here in Dutch.