Construct what? For whom? If nobody can afford to buy a house or even get approved for a loan.
* Banks have practically stopped giving 30 year loans
* Interest rates are at all time high
* To pay back a loan of 4000€-5000€ a month, which is not unrealistic with todays house prices, following the 30% rule (30% of income) you need a household income of between 12,000-15,000€
These measures are the equivalent of a plaster on an amputation.
Those taxes they want to reduce are peanuts and not the reason why people can’t buy houses..
Work for what? Making prices higher or lower? Nowadays it’s important to check because it is very obvious that “housing crisis” means a different thing to different people now. For some it means too expensive and for others it means not expensive enough.
I think these measures have the potential to increase affordability for households and bring prices of existing property down, while also increasing the odds developers sell their off plan things at the prices they imagined when they hired a builder. So these measures actually do sound like something that is trying to make everyone happy, they definitely put at least some thought into it.
This will do absolutely no harm to anyone and it maybe helps some people so as far as measures go, this is better than some feared.
3 comments
Construct what? For whom? If nobody can afford to buy a house or even get approved for a loan.
* Banks have practically stopped giving 30 year loans
* Interest rates are at all time high
* To pay back a loan of 4000€-5000€ a month, which is not unrealistic with todays house prices, following the 30% rule (30% of income) you need a household income of between 12,000-15,000€
These measures are the equivalent of a plaster on an amputation.
https://www.spuerkeess.lu/fr/particuliers/outils/simulation-logement/
Those taxes they want to reduce are peanuts and not the reason why people can’t buy houses..
Work for what? Making prices higher or lower? Nowadays it’s important to check because it is very obvious that “housing crisis” means a different thing to different people now. For some it means too expensive and for others it means not expensive enough.
I think these measures have the potential to increase affordability for households and bring prices of existing property down, while also increasing the odds developers sell their off plan things at the prices they imagined when they hired a builder. So these measures actually do sound like something that is trying to make everyone happy, they definitely put at least some thought into it.
This will do absolutely no harm to anyone and it maybe helps some people so as far as measures go, this is better than some feared.