Mortgage applications are up 4.6% year-over-year, signaling a surge in homebuying activity—especially among first-timers who’re turning to “starter loans” to bridge the gap between home prices and bank lending limits. These supplemental loans, averaging €37k, are now used by over 8% of first-time buyers—up from 6% last year. Meanwhile, buyers are putting down more cash: mortgages now cover just 87% of home prices (down from 92% in 2019), with luxury homes seeing even lower mortgage coverage at around 70%. It’s clear people are either saving smarter or getting creative to enter the market.
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