The government is raising the ceiling on how large loans homebuyers can take out and easing the repayment requirements. The changes will primarily benefit those looking to enter the housing market, which are often younger people.
If it was previously an obstacle to raise 15 percent in cash, they will now only need 10 percent in cash. In addition, an amortization requirement will disappear for them, meaning they can have a little more room in their finances and save, says SEB's private economist Américo Fernández.
Risks
Savings economist Shoka Åhrman at SPP writes to TT that the changes could, at best, lead to greater mobility in the housing market and increase opportunities for first-time buyers, who are not only young people, but also often couples with relatively good incomes who need housing where the jobs are.
But there may also be risks with the new rules, says Américo Fernández. Above all, it could result in a sharp price increase that neutralizes the positive economic effects for first-time buyers.
Buyers only need a 10 percent cash deposit instead of 15. But housing prices may rise so much that it doesn't matter anyway.
Price increase
According to SEB, a more likely scenario is that a price increase will occur more gradually.
But if we suddenly get a ketchup effect and housing prices skyrocket, that's great for everyone who owns their homes, but maybe not as much fun for those who want to get into the housing market. But then at least this raised mortgage ceiling will help.
Corrected: In a previous version of the text, there was an inaccuracy in the caption to the graphic regarding what the reduced percentage refers to.
