Changes in the Brabant housing market in 2023 and the Impact on Starters
In 2023, the housing market changed compared to the previous year. For you as a starter, this offers new opportunities. It is therefore wise to make an appointment with a mortgage advisor now to explore their options and take advantage of the changing circumstances. This way, you know exactly what you can borrow and you can bid on that new home with certainty!
Falling home prices
One of the most important changes in the housing market in 2023 is the smoothing out of price increases. In previous years, house prices were rapidly increased due to a shortage of available homes and high demand. However, in 2023, the market has stabilized and house prices are even declining.
As a starter, this offers you more chances to buy a home without the pressure of constantly rising prices. For example, the average selling price of apartments in Noord-Brabant fell from 303,000 euros in February to 288,000 euros in April 2023. The prices of single-family homes remained the same over the same period.
New construction projects in North Brabant
By 2030, more than 130,000 homes are expected to be built in Brabant. Two-thirds of this should fall under the affordable segment. In the past 25 years, there have never been so many houses built in the province in 2021 and 2021. The housing stock in Brabant is expected to grow by 10,000 homes, maybe that's where your new home is among them?
Mortgage rules for starters
Another advantage for starters is the relaxation of mortgage rules. In 2023, some adjustments were made that make it easier for starters to take out a mortgage. For example, it is becoming less and less interesting for investors to hijack that house in front of you. It is more often possible to make use of a favourable starter loan and a one-off transfer tax exemption. This can alleviate the financial burden for starters and help them buy a home more quickly.
Increasing chances as a starter
With changing regulations and the changing housing market landscape, it is valuable to seek professional advice and take the right steps. A mortgage advisor can help you assess your financial situation, determine their maximum mortgage amount and find the most suitable type of mortgage.
In addition, a mortgage advisor can help you obtain a mortgage with favorable terms. Our advisors have access to information about special starter loans, subsidies or other financial benefits that start-ups can benefit from. We help you compare different mortgage providers and negotiate favourable interest rates.
In short, the housing market in 2023 has undergone changes that could be beneficial for starters. The flattening of price increases, the increasing supply of housing and the relaxation of mortgage rules offer starters new opportunities in the housing market. By making an appointment with a mortgage advisor now, starters can explore their options, get professional advice and benefit from favorable terms when obtaining a mortgage.