Mortgage value forecast change in the Netherlands 2019-2022
This statistic shows the forecast of the percentage change on the previous year of the total mortgage value in the Netherlands from 2019 to 2022. The Dutch Central Bank (DNB) estimated that the value of mortgages would increase in 2019 with approximately 1.8 percent compared to the year before. In 2019, the total mortgage debt in the Netherlands reached a value of approximately 734 billion euros.
Within Europe, the Netherlands counts as one of the countries with the highest mortgage debt among private individuals. This has a political background as the Dutch tax system allowed homeowners to deduct interest paid on mortgage from pre-tax income for a maximum period of thirty year, essentially allowing for income support for homeowners. In the Netherlands, this system is known as hypotheekrenteaftrek. Since 2014, the Dutch government is slowly scaling this down, with an acceleration planned from 2020 onwards. In 2020, the market share of mortgage turnover in the Netherlands reached approximately 47percent for the three banks ABN AMRO, Rabobank and ING.
Within Europe, the Netherlands counts as one of the countries with the highest mortgage debt among private individuals. This has a political background as the Dutch tax system allowed homeowners to deduct interest paid on mortgage from pre-tax income for a maximum period of thirty year, essentially allowing for income support for homeowners. In the Netherlands, this system is known as hypotheekrenteaftrek. Since 2014, the Dutch government is slowly scaling this down, with an acceleration planned from 2020 onwards. In 2020, the market share of mortgage turnover in the Netherlands reached approximately 47percent for the three banks ABN AMRO, Rabobank and ING.
