Young people less willing to buy a house
Young people have been found less willing to buy a house in recent months. For middle-aged people willingness to buy is relatively stable, but it is lower than before the economic crisis of 2009.
1 out of 8 young people are planning to buy a house
In December 2010, roughly one fifth of young people up to 35 years indicated that they were planning to buy a house within the next 2 years. This amount has dropped to nearly 1 in 8 in October 2011. Willingness to buy amongst people from the age of 35 to 55 year olds is around 9 percent. This is lower than before the start of the economic crisis in October 2009 and more than 1 percentage point below the long term average. Willingness to buy for people over 55 years of age is has been fairly constant for long period.
Flow: new life phase requires different housing
Many young people are still in education. Only by starting a
permanent job or the desire to live with a partner increases the
need to own a house. In this case willingness to buy is highest
among the group in their late twenties. Home ownership at the stage
of family formation increases sharply to above 65 percent amongst
the 30 year olds. Willingness to buy amongst this group will be
gradually diminish, but remains above average. At this age, the
willingness to buy is mainly fueled by the desire to live larger.
Source Central Bureau for Statistics the Netherlands