Same thing in the Netherlands. Prices doubling. The monthly costs are similar to years ago, but the high barrier to entry makes it impossible for young people to get anything similar to previous generations for the same money. As a result, rent goes up and young people now pay much more rent than before, semi-forced.
Low rates do not help when the market is this overheated. Worse, disincentivising people from prematurely paying their mortgage sounds like a great idea for recreating a certain crisis not too long ago.
Low rates do not help when the market is this overheated. Worse, disincentivising people from prematurely paying their mortgage sounds like a great idea for recreating a certain crisis not too long ago.