UTRECHT (Reuters) – Growth in the Dutch housing market is continuing. After a strong first half of 2015 the market will strengthen further in the remainder of 2015 and 2016. That letter economists of the Rabobank in their Thursday appeared quarterly report on the housing market.
This year swap expected 170,000 to 185,000 houses were sold. In 2016, to stabilize this number according to Rabobank around 170,000 to 190,000 homes sold. Prices are likely to rise this year by 2 to 3.5 percent compared to 2014. For next year, the average price increase expected to be 2.5 to 4.5 percent.
,, The accelerating economic growth important to the housing market, ” says economist Pieter van Dalen of Rabobank. ,, The growing employment ensures a higher average disposable income. Along with low interest rates and high consumer confidence, which offers prospects for further growth. ”
Factors
As it stand factors compared to an even higher growth occur. Van Dalen: ,, A quarter of homeowners have a mortgage that is higher than the value of the home and home buyers can borrow less relative to their income and the value of the home. These impediments have expected but a smaller impact on growth than stimulating factors. ”
The growth of the housing market focused until recently in the value segment, particularly apartments. By rising house prices and low mortgage rates are transfer students more active and hooks the more expensive segments with growth. ,, Detached houses and two-under-a-hairdressers won in the second quarter some market share back, ” said Van Dalen.
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