Surge in Mortgage Applications in Netherlands Q1 2024



Discover the latest data showing a 25% increase in mortgage applications in the Netherlands during the first quarter of 2024. Find out more!

The mortgage market in the Netherlands has seen a significant increase in activity in the first quarter of this year, with the number of mortgage applications rising by over 25 percent compared to the same period last year. According to the Hypotheken Data Netwerk (HDN), a cooperative association of mortgage, credit, and insurance companies, a total of 115,108 mortgage applications were registered in January, February, and March, up from 91,050 applications a year ago.


Surge in Mortgage Applications in Netherlands Q1 2024

The surge in mortgage applications is not only evident in home purchases but also in transfers or additions. HDN noted a notable increase in applications for mortgages for newly built homes. The average mortgage amount also saw a 7 percent increase, reaching 364,640 euros. Home buyers are borrowing more in relation to their income, with the average loan-to-income ratio rising from 3.93 times to 4.02 times in the past year.

The decrease in mortgage applications seen in 2022, which was nearly 30 percent lower than in 2021, was primarily attributed to a drop in refinancings or additions. Many individuals had refinanced their mortgages early in 2022 to avoid further interest rate increases. However, the market seems to have rebounded strongly this year, indicating a renewed interest in the housing market.

The housing shortage in the Netherlands is becoming increasingly acute, with real estate agents reporting a significant decrease in the number of homes available for sale. This trend, coupled with rising home prices, underscores the challenges faced by both buyers and sellers in the current market.

The significant increase in mortgage applications in the Netherlands in the first quarter of this year reflects a growing confidence in the housing market and signals a positive outlook for the real estate sector. As the market continues to evolve, it will be crucial for stakeholders to closely monitor trends and developments to make informed decisions.

Surge in Mortgage Applications in Netherlands Q1 2024

Support Ogusyis by making a contribution – no matter how small.


Enter your amount
£
Enter your amount
£
Enter your amount
£
Yourname
Email
Phone


US Real Estate Investors Still Focused on Portugal: A Safe Haven for Property Acquisition?

Discover why the US real estate investors are turning to Portugal as a secure and appealing destination for real estate investments.

Discover why the US real estate investors are turning to Portugal as a secure and appealing destination for real estate investments.

Read more

UK House Prices Still Unaffordable for Many Despite Rising Wages

High mortgage rates and soaring bills make UK house prices unattainable for many, despite wage increases above inflation.

High mortgage rates and soaring bills make UK house prices unattainable for many, despite wage increases above inflation.

Read more

Belgium's Real Estate Prices Surge, Straining Purchasing Power

Discover how rising real estate prices in Belgium are impacting purchasing power, as interest rates remain stagnant. Stay informed.

Discover how rising real estate prices in Belgium are impacting purchasing power, as interest rates remain stagnant. Stay informed.

Read more

Dutch Housing Market: 540 Tenants Challenge Rent Increase by CBRE and Nationale-Nederlanden

In a groundbreaking move, Dutch tenants take legal action to stop rent hikes, following recent court rulings against institutional investors. Stay updated with the latest developments.

In a groundbreaking move, Dutch tenants take legal action to stop rent hikes, following recent court rulings against institutional investors. Stay updated with the latest developments.

Read more

House Prices in Ireland Surge Amid Severe Property Shortage

Discover the latest Daft.ie House Price Report revealing a 3.8% increase in Q2 2024, with prices soaring by 35% since Covid-19.

Discover the latest Daft.ie House Price Report revealing a 3.8% increase in Q2 2024, with prices soaring by 35% since Covid-19.

Read more

UK Tax Rules on Second Homes: Can They Solve the Housing Crisis?

Owners of empty properties in England, Wales, and Scotland may face higher council tax rates, but experts are unsure if this will truly address the housing shortage.

Owners of empty properties in England, Wales, and Scotland may face higher council tax rates, but experts are unsure if this will truly address the housing shortage.

Read more

Portugal Real Estate Market: Sales Decline, Prices Up 7%

Stay up to date with the latest trends in Portugal real estate market with the today update on housing prices, showing a significant 7% increase since the beginning of the year. Explore the impact of decelerating prices on the market.

Stay up to date with the latest trends in Portugal real estate market with the today update on housing prices, showing a significant 7% increase since the beginning of the year. Explore the impact of decelerating prices on the market.

Read more

The US Housing Market Stuck: Sales Slow Despite Lower Interest Rates

Despite dropping mortgage rates, the US housing market remains stagnant with no immediate signs of improvement. Experts predict recovery may not happen until 2026.

Despite dropping mortgage rates, the US housing market remains stagnant with no immediate signs of improvement. Experts predict recovery may not happen until 2026.

Read more

Idealista, Leading Spanish Real Estate Portal, Acquired by British Fund Cinven

Discover the €2.9 billion acquisition of Idealista, the top real estate site in Spain, Italy, and Portugal, by British fund Cinven.

Discover the €2.9 billion acquisition of Idealista, the top real estate site in Spain, Italy, and Portugal, by British fund Cinven.

Read more

Copyright © Ogusyis. All rights reserved. The Content may not be copied, distributed,  republished, uploaded, posted or transmitted in any way without the prior written consent of Ogusyis.