Dutch housing update: prices are down, interest is up
Dutch NewsA round-up of the latest housing news, brought to you by Expat Mortgages. House prices and interest rates There are now real signs that the overheated Dutch housing market is cooling down, as interest rates rise and buyers are faced with less borrowing capacity. ‘After all, think of what you will end up paying in rent.’ Legal changes There was little significant news for house buyers in the September budget, and no shocks about mortgage interest tax breaks – which which will continue to be reduced gradually as planned. ‘There are also signs that people are less willing to overbid, and that estate agents are willing to negotiate prices down for houses that have been for sale for some time.’ How much can I borrow To get a rough idea of how much you can borrow, given interest rates have risen so much, check out the Expat Mortgages mortgage calculator. Upcoming webinars If you would like to find out more about the ins and outs of buying a new home, feel free to join one of Expat Mortgages’ upcoming housing webinars and ask your questions.