NVM “Expensive segment remains rock solid copper market ‘- Financieele Dagblad (Registration)

NVM "Expensive segment remains rock solid copper market '- Financieele Dagblad (Registration)

The dichotomy in the housing market remains intact despite a strong improvement in sentiment. The average selling price increases. But according to NVM chairman Ger Hukker will asking prices in the high end must come down. “Here, there is a ruthless buyer’s market.”

Houses with an asking price above five tons are still sold with difficulty. The sale in the country lags behind the city. According to figures for the fourth quarter of the Dutch Association of Estate Agents (NVM).

Price average home

The total number of homes sold rose by 30% to almost 35,000. This was much more than expected. Compared to the third quarter, the number of transactions by 21%. The prices which have previously made a marking time, again went up. An average home cost at the end of the year, € 215,000, an increase of 3.5% compared to the end of 2013.

According Hukker is an important part of the recovery due to the decline in mortgage rates. “There should be a cake to ECB President Mario Draghi.” This past year, the average rate on a mortgage with a term of ten years from 4% to 3%. This saves homebuyers a quarter of the cost.

Location

De regional differences are still large. In Amsterdam prices rose in the last three months by 6.6% to € 251,000. The increase over the year was 10%. Almere prices fell, however, by more than 2% compared to the end of 2013. In South West Friesland prices went even 7%. Lead (+ 11%) and Rotterdam (+ 5.4%) performed well again on the other hand.

The dichotomy is also reflected in the difference in choice by price category. In the popular district of Utrecht Oog in Al were buyers in the fourth quarter only choose from an average of 3.4 homes. Bosch en Duin Zeist buyers had a choice of 66 homes. An average house in Bosch en Duin costs about € 1.1 million. In view Al is the average price € 380,000.

Dichotomy

The dichotomy is partly sustained by large differences in financing costs. The interest rate on an average NHG mortgage is now about one percentage point higher than a mortgage without warranty. The limit for a NHG mortgage is at € 245,000.

Part of the final sprint is due according to the NVM to the expiry Donation exemption to a ton. Since January 1, parents may allow their children only half of that amount pay tax. In the fourth quarter, many households use made thereof. NVM estimates that 10% to 15% of all transactions of the exemption was made. In previous years, this was 7% to 10%.

Increase transactions

The NVM expects the number of transactions in 2015 increased by 5% -10%. Prices will rise by 2.5% -3%. This is more optimistic than the forecasts of analysts of housing banks. ABN Amro assumes a 1% increase, Rabobank and DNB expect a price increase of 2%.

According to the NVM will market in 2015 to benefit from donations. Hukker “The taboo is gone. Children know better how to play their parents. “

The biggest risk to the housing market, according to the NVM the fall of the government . “Our predictions erupts as in old dirty as if a cabinet crisis.”