Purchase prices continue to fall on the Dutch owner-occupied housing market for the time being

News - 09 February 2023 - Communication BK

While the number of homes sold in the existing housing stock remains fairly stable, the fall in purchase prices continues steadily in the fourth quarter of 2022. The sharp rise in mortgage interest rates in recent months has direct consequences for households' borrowing capacity. In combination with the recent fall in purchase prices, this rise in mortgage interest rates is also making potential buyers more risk-averse. The housing consumer is not only able to pay less, but also wants to pay less for a home that is for sale. However, there are also sufficient reasons to believe that prices may recover in the medium term.

Read the full article in Dutch here.