“Although the housing market is starting to cool down and the total housing supply has grown, the position of ‘Jan Modaal’ has deteriorated,” says Menno Luiten, commercial director of De Hypotheker. “Due to the higher mortgage interest rate, home seekers – despite an increase in average income – are currently able to borrow less compared to a year ago. For example, the single starter can borrow 9 percent and two-income households 12 percent less. If it flattens out, we expect that the vulnerable position of workers with an average income in the housing market will not change in the short term, partly due to rising house prices.
Utrecht owner-occupied home almost unreachable for Jan Modaal
