What's going on in the Dutch House Market?
The market rallied strongly at the end of 2014 Between 150,000 and 170,000 homes are expected to change ownership in 2015, following 153,000 transactions in 2014
House prices expected to rise by an average of between 1 and 3% compared to 2014 Positive factors are the improved economic situation, falling mortgage rates, rising sales of new homes and good affordability
These are expected to be stronger than restraining factors such as the residual debt problem, scaling back stimulus measures and credit restrictions
Mortgage interest rate falls to new low Total mortgage debt fell slightly as expected in 2014. Extra repayments compensated for a rise in new mortgage approvals. Mortgage interest rates have fallen since mid-2011 to historically low levels. We expect average mortgage interest rates to be lower in 2015 than in 2014, partly because of quantitative easing by the European Central Bank (ECB).