The European housing, or residential real estate, market has recently shown clear signs of recovery, with an increasing house price being the main trend. In recent years, the housing market has continued to rise in the Netherlands due the asset purchase programme (APP) of the European Central Bank and the, consequently, low mortgage rates. For example, the number of registered transactions reached a value of approximately 242,000 in 2017. The value of mortgages in 2018 is forecasted to increase with approximately four percent compared to 2016.
Between 1995 and 2017, the total mortgage debt from households in the Netherlands increased from approximately 177 billion euros in 1995 to approximately 672 billion euros in 2017. In the third quarter of 2017, the market share of mortgage turnover in the Netherlands reached approximately 55 percent for the three banks ABN Amro, Rabobank and ING.