First-time buyers dominate the current housing market

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In the first quarter of this year, buyers between the ages of 18 and 35 determined the housing market. This age group was the buying party in just over 60 percent of the transactions. According to the figures, this age group mostly bought houses with values exceeding 400 000 euros. 


The reduction of the transfer tax seems to play an important role. First-time buyers no longer have to pay transfer tax, in order to encourage potential first-time buyers. 40 percent of young home buyers who make use of the transfer tax exemption are transferees. 


The idea behind this arrangement is that you can use it once. It is expected that the number of starters that use will be forthcoming.


Source: BNR

May 5, 2021

Publication date 11/06/2021

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