Housing prices continue to rise, which hits hard on people who want to get their first foot in the housing market.
– For me, partly as a student but also as a young person, you do not have the means to take. But now it feels even further away that prices continue to rise. It was expensive from the beginning but that it just gets more and more expensive, it feels more and more distant I think at least, Maja Thorén is a music teacher student at the Academy of Music in Stockholm.
Too many first-time buyers the expectation of reduced housing prices as a result of the pandemic could have meant a first step into the housing market. But instead, prices have risen.
– It is probably this that there is an expectation now in the economy that it will turn around. The unrest and uncertainty that may have affected the housing market a little in March-April it has pretty much blown over, says Tor Borg, analyst at the National Board of Housing, Building and Planning.
The opportunity to pause The amortization requirements during the pandemic have not affected young people’s ability to buy their first condominium either, as the banks are still testing the buyers’ finances for a housing loan based on meeting the amortization requirement. An increase in unemployment, which should have affected housing prices according to Tor Borg, has put more sticks in the wheel for young people.
– Unemployment should have affected housing prices. I think it may be that the rise in unemployment that we have seen has mainly affected the people who are not in the owner market for housing, that is, it is like not potential buyers it is not they who own and who could become sellers , it is perhaps mainly young people and others, says Tor Borg.
Source: ICELAND NEWS