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This is what the handsome CEOs of ABN Amro say, who write in a new report, that the market continues to overheat thanks to low interest rates and the supply limited.
"The housing market is hot. Prices are rising rapidly and are still above the level before the crisis. For example, an analysis of ABN Amro published today by the Dutch housing market begins, so the tone is given. For the moment, there is no end to the increase in house prices. In fact, the bankers have adjusted upward their forecasts of price increases in 2018 and 2019: for this year, an increase of 8.5% is expected, next year the stones in the Netherlands will be worth average 7% more.
ABN Amro noticed that the number of homes sold is declining because sellers are waiting longer and longer to offer their homes. No crazy thought, we read: "In the current market, the chance is real that the house can be sold at a higher price at a later stage.
However, the rate hike envisaged by the European Central Bank, which floated above the market for a certain period of time, will be used with caution. Thanks to, among other things, increased uncertainty about a possible trade war and unrest in Italy, ABN Amro expects interest rates to rise in 2019, but less than before. However, it will make sure that real estate prices will rise less rapidly in 2019.
ABN Amro does not dare to predict whether real estate prices have risen too much and if a substantial correction is imminent after 2019. In case of diplomacy, the bank maintains The sharp increase raises the question of whether house prices do not go too far. Approximate criteria such as the price of the house in relation to income or the price of the house in relation to rent indicate a relatively high price level.
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