The mortgage advisor states that the number of mortgage applications for the purchase of a home in July, August and September was 6 per cent higher than the same period the previous year. The group of applicants up to 35 years old grew especially quickly. For them this was a 20 percent increase. According to De Hypotheker, this also indicates an increasing number of people entering the real estate market, with eight out of ten people in this age category buying their own home for the first time.
The total number of mortgage applications, including those for home adjustments or refinancing, increased 10 percent compared to the same quarter last year. The average loan amount increased by 8 percent to just over 346,000 euros.
House prices are rising rapidly due to a housing shortage. In August, owner-occupied homes became 11 percent more expensive, the Central Statistics Office calculated. According to De Hypotheker, the fact that more and more people are applying for a mortgage to buy a house is due to rising incomes and slightly reduced mortgage interest rates. This ensures homebuyers can borrow more and offer more for a home, says commercial director Mark de Rijke.
