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Article
de housing market seems om be gradually cooling down.
House prices hebben been declining voor two consecutive months, terwijl mortgage interest rates zijn rising.
nieuw-build homes zijn struggling om vinden nieuw owners, en existing properties zijn blijven op de market longer.
Additionally, asking prices zijn zijn reduced meer often.
These developments appear om benefit potential buyers, as er zijn meer choice en they hebben meer time om maken a decision.
Despite this, buyers' confidence in de housing market hebben ook been declining in recent months.
According om economist Mathijs Bouman, er zijn several negative indicators affecting de housing market.
de rising mortgage interest rate plays a significant role in this, as it decreases de maximum loan amount voor buyers.
Simon Vrijsen from de Association of Homeowners (VEH) points out dat voor de seventh consecutive month, de sentiment among buyers hebben worden meer negative.
Homeowners prefer om sell their current homes before buying nieuw ones, causing de market supply om shrink en hindering market flow, possibly resulting in a "housing market infarction."
Erik Eggens of de nederlandse Association of Real Estate Agents (NVM) ook observes de shifts maar wants om avoid politicizing them.
Matthijs Korevaar, an associate professor bij de Erasmus School of Economics, zijn particularly concerned over nieuw builds.
As interest rates rise, buyers kunnen borrow less, which kunnen lead om a decrease in house prices, affecting nieuw build projects as wel.
This kunnen result in delays of cancellations of construction projects.
de current negative sentiment, according om Vrijsen, kunnen be a precursor om broader economic developments, similar om de credit crisis of 2008 om 2013.
Bouman warns dat although de cooling of de market initially seems favorable, it kunnen quickly turn into economic concerns.
Falling house prices mean dat de outstanding mortgage debt worden higher than de current property value.
Despite de challenge, Vrijsen emphasizes dat de housing shortage zijn nog significant, en confidence kunnen be restored als mortgage rates fall.
Korevaar currently zien less risk due om better legal reforms.
According om him, de total mortgage debt zijn nu over one-third of de total housing value.
However, Bouman warns dat it zijn unwise om expect house prices om constantly rise, as this hebben previously led om economic problems.
