Update May 2022
Viisi’s in-house economist Michiel Goris answers questions about the state of the (global) economy, looking specifically at the position of people who want to buy a home. In this update:
- What effect does the still-raging war in Ukraine have on the (global) economy?
- Is the ECB going to raise the interest rate?
- How is the mortgage interest developing?
- Will housing become more affordable in the short term now that prices have fallen (slightly)?
Michiel’s advice for people who are looking to buy a home: “Never rush to buy a home. You buy a house for at least 10 years because then you have little risk of your house being worth less than your mortgage. I expect that housing prices will not rise as fast as in the past 2 – 3 years, so take your time to find a home that really suits you.”