Many more homes “in the dry” – AD.nl

Natasja de Groot
30-4-15 – 06:33

” For many people turn light at end of tunnel ‘

© ANP.

As many as 165,000 Dutch home owners can breathe a sigh of relief. Their homes are no longer “under water.” In other words: the mortgage is not higher than the value of the home. That makes it finally possible for a large group of owners to change dwelling.

Finally there is a glimmer of a lot of people back light at the end of the tunnel

Hans André de la Porte

The Economics Department of Housing Expert Pieter van Dalen Rabobank speaks of a trend reversal. Since the start of the crisis, the number of households with a home ‘under water’ just risen. Until last year, according to the latest estimates by Rabobank, which cover the entire housing market

Van Dalen:. ,, We owe this development on the one hand to the rise in house prices, but also to the record

additional mortgage repayments. Just at Rabobank was that last year 4 billion. “

Last year it was possible to donate 100,000 euros and that money appears to be massively used for the redemption of the house. Early last year 1.1 million households were still ‘under water’. Today there are around and around 900,000.

More and more owners from danger
The forecast of the Rabobank in the coming years many more homeowners get out of the danger zone. This year alone, around 139,000 households will again come to the surface, it is estimated, in 2016 again around 134,000.

That’s good news for the housing market, says Van Dalen. ,, We know that 165,000 people some 40 percent within the next two years will move. If they move, that’s good for the housing market and the economy. “

Homeowners Association is happy. ,, Finally dawns there for a lot of people back light at the end of the tunnel. They were locked in a house, “says Hans André de la Porte. Since the outbreak of the crisis, house prices have fallen by 20 percent. A large group has a small residual debt, which is between 10,000 and 20,000 euros.