The interest rate for a new mortgage in the Netherlands decreased from previous years in 2020, reaching the lowest average on record. The average interest rate for outstanding mortgages had a similar development.
Are mortgage rates in the Netherlands different from other European countries?
When comparing this ranking to data that covers multiple European countries, the Netherlands’ mortgage rate was similar to the rates found in Spain, the United Kingdom, and Sweden. It was, however, a lot lower than the rates in Eastern Europe. Hungary and Romania, for example, had some of the highest mortgage rates. For more information on the European mortgage market and how much the countries differ from each other, please visit this dedicated research page.
How big is the mortgage market in the Netherlands?
In 2019, the Netherlands saw an increase in the number of mortgage loans sold. The Netherlands is regarded as one of the countries with the highest mortgage debt in Europe, as Dutch homeowners were able to for many years to deduct interest paid from pre-tax income (a system known in the Netherlands as hypotheekrenteaftrek). Total mortgage debt of Dutch households has been increasing year-on-year since 2013.
Average interest rate for new mortgages in the Netherlands from 2003 to 2020
The source states that the interest rates are calculated by taking the average (weighted by the size of the new contracts or outstanding amounts) of the reporting banks' interest rates.
* 2017 and 2018 mark a change in the source's methodology.
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DNB. (February 17, 2021). Average interest rate for new mortgages in the Netherlands from 2003 to 2020 [Graph]. In Statista. Retrieved January 24, 2022, from https://www.statista.com/statistics/596336/interest-rate-for-new-mortgages-in-the-netherlands/
DNB. "Average interest rate for new mortgages in the Netherlands from 2003 to 2020." Chart. February 17, 2021. Statista. Accessed January 24, 2022. https://www.statista.com/statistics/596336/interest-rate-for-new-mortgages-in-the-netherlands/
DNB. (2021). Average interest rate for new mortgages in the Netherlands from 2003 to 2020. Statista. Statista Inc.. Accessed: January 24, 2022. https://www.statista.com/statistics/596336/interest-rate-for-new-mortgages-in-the-netherlands/
DNB. "Average Interest Rate for New Mortgages in The Netherlands from 2003 to 2020." Statista, Statista Inc., 17 Feb 2021, https://www.statista.com/statistics/596336/interest-rate-for-new-mortgages-in-the-netherlands/
DNB, Average interest rate for new mortgages in the Netherlands from 2003 to 2020 Statista, https://www.statista.com/statistics/596336/interest-rate-for-new-mortgages-in-the-netherlands/ (last visited January 24, 2022)
