Singles who want to buy a home will not get it easier. Two -income households see their opportunities improve. The single buyer seems dependent on the help of family or the municipality.
The gap between single people and dual earners on the housing market is growing. Singles can buy few homes, while couples are increasingly chance , reports De Hypotheker. Every year the mortgage adviser investigates how many homes are available per group.
For a single with an average income, only 2.1 percent of the total housing offer is available. Last year that was 1.7 percent. Conclusion: the position of the ‘single Jan Modaal’ has hardly been improved.
De Hypotheker finds that striking , because the higher wages and a lower mortgage interest rate should also strengthen the position of single people. But the rise in house prices largely canceled that. For dual -income households, the opportunities have been improving for four years in a row: 35.9 percent of the housing supply is available for them, compared to 29.1 percent last year.
“The results mainly show that something has to be done on the Dutch housing market,” says Mark de Rijke, commercial director of De Hypotheker. According to De Rijke, the calculation is especially important to show how the housing market is doing.
More and more young people give up the search for a home for sale, it turned out in June. They give up because they have incomes that make a house for sale is not really a realistic option.
Chances are in Limburg, Zeeland and Groningen
A single person can borrow a maximum of 215,083 euros according to the calculation of the Hypotheker with an income of 46,500 euros per year. For a dual earner with a joint income of 85,000 euros, that is 400,608 euros. With those amounts, the Hypotheker looked at what can be found on the house sales website Funda.
Singles have the best chance in the provinces of Limburg, Zeeland and Groningen. There they can pay 6 to 7 percent of the homes for sale. In Flevoland, Utrecht and Noord-Holland that is less than 1 percent. Also in large cities “the chances for singles are nil”, De Hypotheker writes.
“Instead of smaller living, it might be better to increase your search area,” says De Rijke. “It is a very annoying choice that you have to make, but you have to adjust your requirements realistically.” Searching in the Randstad is not wise.
The rich emphasizes that there is nuance in it. “This is of course a standard calculation, but often there is a sleeve for home seekers. For example, by calling in the family.” This way, a more expensive home can still be feasible.
Some municipalities also offer a starter loan. Just like other loans, this yields repayment costs that must be included in the application for a mortgage, but the conditions of such a municipal loan are often more favorable.
“We notice that single people who want to buy still have it very difficult,” says mortgage expert Oscar Noorlag of Van Bruggen Adviesgroep. “But in the last year this group has received some more opportunities.”
In the past year, many homes have come on the market, because landlords sell their ownership since the rental rules have been tightened. This is called. The effect is only temporary. The former rental properties that come on the market by the market are often more affordable.
“In general you see that starters are a very important group in the housing market,” says Noorlag. Contractors take this into account. “Contractors who have had apartment complexes built for rental will still make sale apartments from it,” Noorlag explains. “That is important for starters in general and therefore also for single people.”
It remains important for home seekers to save a lot, Noorlag advises. “Furthermore, the individual situation depends on what is possible. What is the income, is there savings, do parents want to mean something extra? And in which region are you looking for?”
According to the rich of the Hypotheker, more must be built. He joins a long series by experts. According to Makelaarsvereniging NVM there is “harrowing situations”, but there is a mismatch between what the housing market wants and what is being built.
“Build for the bottom group,” says De Rijke. “Otherwise the single people cannot get in anywhere. And build for seniors, because they want to move.”
Singles Who Want to Buy A Home Are Not Noting It Any Easier. Dual Earners Are Seeing Their Opportunities Improve All The Time. The Single Buyer Seems Dependent on Help from Family or the Municipality.
The Gap Between Singles and Dual Earners in the Housing Market is growing. Singles Can Buy Few Homes, While Couples Are Increasingly Likely to Succeed , Reports De Hypotheker. Every year, The MortGage Advisor Examines How many homes are available per group.
For a single person with a modal income, only 2.1 percent of the total housing supply is available. Last year that was 1.7 percent. Conclusion: The Position of the ‘Single Average Joe’ Has Hardly Improved.
The Hypotheker finds That Striking , because Higher Wages and Lower MortGage Rates Should also Strengthen the Position of Singles. But the rise in house prices largely negates that. For Dual Earners, The Opportunities Have Been Improving for Four Years in A Row: 35.9 percent of the Housing Supply is available to them, Compared to 29.1 percent Last year.
“The Results Mainly Show That Something Needs to Happen in the Dutch Housing Market,” Says Mark de Rijke, Commercial Director of De Hypotheker. Accordance to the rich, The Calculation is especially important to show what the housing market is like.
More and more young people are giving up the search for a home to buy, it appeared in June. They are giving up hope because they have incomcomes with which buying a home is actual not a realistic option.
Most Opportunities in Limburg, Zeeland and Groningen
Accordance to the calculation of the hypotheker, a single person with an income or 46,500 euros per year can borrow a maximum or 215.083 euros. For a dual earner with a joint income or 85,000 euros, that is 400.608 euros. With Those Amounts, the Hypotheker Looked at What Can Be Found on the House Sales Website Funda.
Singles have the best chance in the provinces of Limburg, Zeeland and Groningen. There they can pay for 6 to 7 percent of the homes for sale. In Flevoland, Utrecht and Noord-Holland That that is 1 percent. Also in Large Cities “The Chances for Singles Are Nil,” Writes de Hypotheker.
“Instead of Living Smaller, it may be better to increase your search area,” Says de Rijke. “It is a very annoying choice that you have to make, but realistic you have to adjust your requirements.” Searching in The Randstad is then not Wise.
The rich Emphasizes that there is nuance in IT. “This is of Course A Standard Calculation, But Often There Is A Way To Adjust for Home Seekers. For Example, by Involving the Family.” In This Way, A More Exensive Home May Still Prove Feasible.
Some muticipalities also sacrifice a starter loan. Like Other Loans, This Incurs Repayment Costs That Must Be Included in the MortGage Application, But The Conditions of Such A Municipal Loan Are Often More Favorable.
“We Notice That Singles Who Want To Buy Still Have A Very Hard Time,” Says MortGage Expert Oscar Noorlag or Van Bruggen Adviesgroep. “But in the past year this group has actual leg givven a few more opportunities.”
In the past year, many homes have come on the market because landlords are selling their property since the rental rules have tighted. This is called stripping. The effect is only temporary. The Former Rental Properties That Come On The Market Through Stripping Are Often More Affordable.
“In General, You See Starters Are A Very Important Group In The Housing Market,” Says Noorlag. Contractors take this into account. “Contractors Who Have Built Apartment Complexes for Rent Then Turn them Into Owner-OCCUPIED Apartments,” Explains Noorlag. “That is important for starters in general and therefore also for singles.”
It remains important for home seeers to save a lot, norlag advises. “Furthermore, what is Possible Depends on the Individual Situation. What is the Income, is there Savings, Do the Parents Want to do something extra? And in which region are you searching?”
Accordance to the rich or the hypotheker, more needs to be build. In Doing So, He Jains a Long Series of Calls From Experts. Accordance to Real Estate Association NVM, there are “distressing situations”, but there is a mismatch between what the housing market hens and what is being bucks.
“Build for the Lowest Group,” Says de Rijke. “Otherwise, singles can’t get in anywhere. And build for seniors, because they are happy to move.”