Historical mortgage rates in the Netherlands 2003-2022, by mortgage term

Mortgage rates in the Netherlands declined gradually between 2008 and 2021, reaching the lowest figure on record of 1.65 percent. Nevertheless, in 2022, interest rates increased as a response to the growing inflation. As of August, the average mortgage rate for a new loan amounted to 2.63 percent.

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?

The Netherlands has overall seen an increase in the number of mortgage loans sold and is regarded as one of the countries with the highest mortgage debt in Europe. The reason behind the this is that 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.