House buying heats up during the coronavirus pandemic
3 years, 8 months ago

House buying heats up during the coronavirus pandemic

Dutch News  

If there’s one lesson from the past year of the pandemic, it’s how important it is to have a good home. ‘The market is really heated at the moment,’ says ABN Amro mortgage adviser Michael Smits. A buying agent can guard your interests in making sure that even if you are in a rush to buy, you have a clause giving you time for a survey or a get-out if you can’t raise the finance – otherwise, if the property valuation report for the bank says the house is worth €250,000 when you signed a sale contract offering €300,000, you’ll have to come up with €50,000 of your own cash. This is the hard part for expats and it is advisable to take a buying agent.’ 4 Face to face meetings House viewings during the coronavirus pandemic are also different. ‘When Covid began, things seemed unstable and a couple of banks raised their rates, but now the interest rates are very advantageous at 1% to 2%, and sometimes even less,’ says Smits.

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House buying heats up during the coronavirus pandemic
3 years, 8 months ago

House buying heats up during the coronavirus pandemic

Dutch News  

If there’s one lesson from the past year of the pandemic, it’s how important it is to have a good home. ‘The market is really heated at the moment,’ says ABN Amro mortgage adviser Michael Smits. A buying agent can guard your interests in making sure that even if you are in a rush to buy, you have a clause …

Pandemic not enough to cool down NL housing market; Prices up 12%
3 years, 11 months ago

Pandemic not enough to cool down NL housing market; Prices up 12%

NL Times  

Even after three quarters of the coronavirus crisis, the Dutch housing market ended 2020 overheated. At the end of last year, an average home in the Netherlands cost 365 thousand euros, 11.6 percent more than at the end of 2019, according to figures released by realtors' association NVM on Thursday, NOS reports. According to NVM, the coronavirus pandemic meant fewer …

Covid crisis to stabilize, not decrease Dutch housing prices: ABN Amro
4 years, 2 months ago

Covid crisis to stabilize, not decrease Dutch housing prices: ABN Amro

NL Times  

Instead of decreasing home prices in the Netherlands, the coronavirus crisis will instead stabilize them, according to ABN Amro economist Philip Bokeloh. Earlier this year, the bank expected the crisis to result in a 2 percent drop in home prices next year, now it expects prices to remain stable. According to Bokeloh, a big reason for the housing market to …

House prices to bounce back in 2021 after modest falls during coronavirus pandemic, CBA predicts
4 years, 3 months ago

House prices to bounce back in 2021 after modest falls during coronavirus pandemic, CBA predicts

ABC  

Australia's biggest home lender says house price falls so far during the pandemic have been surprisingly small, and its internal modelling is predicting a quick rebound everywhere except Melbourne. Key points: CBA is now forecasting a 6 per cent fall in capital city property prices due to COVID-19, down from 10 per cent initially But the bank warns that Melbourne …

Coronavirus house price slide worsens, but First Home Loan Deposit Scheme attracts new buyers
4 years, 5 months ago

Coronavirus house price slide worsens, but First Home Loan Deposit Scheme attracts new buyers

ABC  

The coronavirus-induced slide in Australian housing values accelerated last month, as more sellers put their homes on the market. Key points: CoreLogic's index shows a 0.8pc slide in capital city home values and 0.2pc fall in regional prices in June Melbourne and Perth had the biggest property price falls of 1.1 per cent CoreLogic analyst Eliza Owen says the consensus …

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