Dutch housing update: money for new homes, rising interest rates
There was some good news for home buyers in this week’s budget with the announcement of a massive financial package...
In this week's Dutch budget, new housing developments were given a financial boost while signs emerged that house price increases are slowing down. However, interest rates have been rising sharply due to geopolitical uncertainties. The government announced a €100 million fund to assist first-time buyers and a slight reduction in the property transfer tax for holiday homes and investment properties.
Mortgage advisor Matthijs van der Heijden noted that the market still struggles with a shortage of affordable homes, particularly for single buyers or families with single income.
Written by urgent.news from DutchNews's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
