First-Time Buyers Struggle as Prices Soar

Mortgage applications in the Netherlands dipped in May as soaring home prices hit a new peak—averaging €535,500, up 7% year-over-year—while borrowing amounts only rose 0.5% to €378,240. The slowdown follows a March rush as buyers scrambled to lock in rates amid global uncertainty. Over 60% of May’s 29,750 home purchase applications came from existing homeowners seeking more loans, while first-time buyers’ share fell to just under 50%, down from 54% last year—especially among singles and those eyeing renovations. Rising prices and stagnant borrowing power are making entry harder for new buyers. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/a9da7b848300a5a4