ABN AMRO: Homeowners pleased with ownership
- Housing Market
Karen de Vries
Press Officer Retail & Private Banking, Sustainability, Sponsoring
The majority of homeowners (83%) would opt for home ownership again if they were to move house now. Only 27% of renters, on the other hand, are looking to buy a home, and more than half (55%) would continue to rent if they were to move now. These are the results of ABN AMRO’s first Woonkamer Monitor survey.
Homeowners would choose to buy again mainly because they are convinced that owning a home is a way to save for the future (59%). Around 15% see home ownership as an investment and a way to accumulate wealth. In addition, many people surveyed (46%) believe that buying is cheaper than renting. A relatively large group (43%) noted that being in charge of your own home is a reason to buy.
Buyer’s market
Today’s housing market is viewed as a buyer’s market. Two-thirds of the households (69%) surveyed think it is now a good time to buy a home. Around 85% of the households said that now would not be a good time to sell. Almost one-third of the respondents (31%) stated that confidence in the housing market has grown in the past six months.
Home comparison tool
ABN AMRO is today introducing the , a home comparison tool (in Dutch only). This tool gives homeowners an indication of whether or not it is a good time to move house. It looks at how home prices in the neighbourhoods of the current and desired homes are developing, interest rate movements and how quickly homes in a given area are being sold. *A survey among 1,020 households carried out by djem research agency.