The number of first-time home buyers in the Netherlands fell 11% in the last quarter to around 22,500, according to consultancy IG&H in its latest housing market update.
At the same time, the amount they borrowed rose 3.4% and the average price of a home for first-time buyers increased to €249,000, the Financieele Dagblad reported.
In total, the number of new mortgages sealed in the second quarter rose 2.5% to 87,000.
A spokesman for mortgage advisor De Hypotheekshop told the Financieele Dagblad that is now impossible for many people to buy a house. There are too few homes available, he said. ‘Most new homes cost more than €300,000 and that is out of the reach of most starters,’ he said.
On Monday, student body ISO warned that young home buyers are finding it more difficult to get a mortgage because they have a student debt, despite government pledges that this would not be an issue.
DutchNews.nl has been free for 12 years, but now we are asking our readers to help. Your donation will enable us to keep providing you with fair and accurate news and features about all things Dutch.
Donate via Ideal, credit card or Paypal.