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Mortgage interest continues to rise: higher monthly payments, refinancing boom over

Advisers see that people are now increasing their mortgage more often, for example for a renovation. “People who already had renovation plans are now bringing them forward because of the constantly rising interest rates,” says Hagedoorn. “They think: if we wait, it will become too expensive later. It is also a sign of the shortage on the housing market. Moving is difficult, so people will just renovate their existing house.”

Sanderink notices that making houses more sustainable is now popular, partly because of rising energy prices.

Fewer bidders

Partly due to rising interest rates and thus higher mortgage costs, house prices rose less rapidly in the first months of this year than in the past. On an annual basis, prices rose about 14 percent. Previously it was about 20 percent. Compared to the previous quarter prices have dropped a littleby about 2 percent.

“We expect a stabilization of prices rather than a real decline,” says Hagedoorn. “The shortage is too great for that. Previously, thirty people often bid on a house, now there are fewer. People have become a bit more reserved. But if only six people are now bidding, the house will still go above the asking price. “

At De Hypotheker they also see that there are often fewer bidders. “It seems that the market is less tense than six months previously,” says Kloet. “The chance that you as a buyer will ‘intervene’ and your offer will be accepted has increased. As far as we are concerned, this is a healthy development.”

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