OP: Demand for mortgages increases

Financial group OP Bank Group has been granted 18 % more than last year in euros in euros in euros.

There were about 13 % of mortgage applications more than January 2024, and since February last year, the number of applications has increased by 7 percent, OP says.

According to OP, the recovery of the housing market is behind the European Central Bank (ECB) to reduce the steering interest rate that started last June.

Since June, the number of mortgage applications for OP Group has been higher than in November.

The ECB has lowered its control interest four times since last year and is expected to announce a new invoice on Thursday.

Particularly The number of home loan applications for first-time home buyers has increased and have been awarded in euros more than 30 % more mortgage last year, OP Group Financing Director Laura Hakamies says in the bulletin.

However, last year’s comparison months are exceptional for first home buyers, as early last year’s first home buyers left the transfer tax.

Investment homes have also been of interest.

The purchase of an investment home has been granted about 20 percent more loan than last year in January -February, and they have also received about 10 % more loan applications last year, OP says.

Last At the end of the year, according to Statistics Finland, housing prices were more than 10 % lower compared to the peak of 2022.

In their recent housing market review, OP Bank Bank economists expect housing prices to rise by 3 per cent this year and 2.8 percent next year.