Home prices in the Netherlands will fall 10 percent in the coming two years, 6 percent in 2023, and 4 percent in 2024, ABN Amro expects. This is because mortgage interest rates have risen sharply while disposable income is under pressure from inflation,” ABN Amro economist Philip Bokeloh said. The higher mortgage interest rates mean people can borrow less on …
Due to the rising mortgage rates, ABN Amro expects even fewer homes to change hands this year than previously thought. For next year, the bank expects a 2.5 percent decrease instead of the previously anticipated stabilization. Due to the loss of purchasing power as a result of inflation and high energy costs, there is less room for mortgage spending,” said …
As a result of the coronavirus crisis, some 190,000 working Dutch people have suffered a sharp decrease in income, according to economists at ABN Amro. It showed that in the period from March 2020 to February of this year, 16.3 percent of employed people saw their income decrease by at least 10 percent. That can also be because people choose …
