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@obelex Probably not. But the question is rather if interest rates will fall again in the foreseeable future. That's not an unlikely scenario.

@nungirl_7 I think you misunderstood my point. I am saying that if you didn't qualify for a 1 mil mortgage 3 years ago, then you won't qualify for a mortgage today (assume your salary stayed the same). The effective interest rate / cost of the mortgage does not matter, because banks don't...

@nungirl_7 IMO it's not a question of affordability. Houses did not become less affordable, because affordability requirements of the banks haven't changed. It's just that mortgages became more expensive. Hence, I think it's a fair assumption that mortgages will become less expensive again at...

@maxamir In my opinion it's not yet an ideal time to buy property. Interest rates are still crap and the prices haven't really fallen. Most people I talk to advise against buying property in this current environment. Or let's put it differently: If you really like the place and can afford it...