Disposable household income up slightly, mortgage debt increased by 7.3 billion euros
1 year, 11 months ago

Disposable household income up slightly, mortgage debt increased by 7.3 billion euros

NL Times  

Dutch households had slightly more money at their disposal in the third quarter of this year than in the same period a year earlier, according to Statistics Netherlands. Also the number of working hours grew 3.2 percent, while collectively agreed wages increased 3.4 percent The increase in total benefits received was 5.1 percent. The total mortgage debt for all Dutch people rose by 7.3 billion euros, bringing the total mortgage debt to 811.5 billion euros, CBS reported. In the process, the debt ratio, total mortgage debt as a percentage of the size of the economy, went down. In general, the lower debt ratio is caused by stronger growth in gross domestic product than in total mortgage debt.

Debt Mortgage Total Cbs Mortgage Debt Total Mortgage Debt  mortgage  disposable  wages  billion  income  total  73  increased  households  debt  working  euros  household  slightly  cbs  quarter  rose

History of this topic

Dutch home prices will climb 7.5% to average €520,000 next year: DNB
1 week, 4 days ago

Dutch home prices will climb 7.5% to average €520,000 next year: DNB

NL Times  

Dutch home prices will continue to rise next year and the year after. On average, around 520,000 euros will be needed for a new home next year, De Nederlandsche Bank predicted. In addition, a well-functioning rental market is needed that could “function as a valve for the housing market.” DNB did note that first-time buyers are unlikely to see their …

New Dutch mortgages hit record-high €506,000 average in November
3 weeks, 1 day ago

New Dutch mortgages hit record-high €506,000 average in November

NL Times  

The average mortgage value for buying a home in November was almost 506,000 euros - the highest level ever, the mortgage data network HDN reported on Monday. HDN called it striking that, while the prices for existing owner-occupied homes are skyrocketing, prices for newly built homes are remaining quite stable. In November 2020, 15 percent of mortgage applications for newly …

Lower incomes face further cut in the mortgage interest tax rate
Trending News
4 weeks ago

Lower incomes face further cut in the mortgage interest tax rate

Dutch News  

The Dutch cabinet is planning to increase the mortgage tax relief rate for people on higher incomes, while cutting it slightly for people earning less than €38,441 a year from next year, the Financieele Dagblad reported on Monday. Mortgage tax relief in the Netherlands has been cut steadily since 2013, after experts criticised its impact on house prices because it …

Dutch government's tax plans will allow higher incomes to deduct more mortgage interest
4 weeks, 1 day ago

Dutch government's tax plans will allow higher incomes to deduct more mortgage interest

NL Times  

Homeowners earning a middle income or higher will be able to deduct more mortgage interest from their taxes next year, while the deduction for lower-income homeowners will become smaller, NOS reports based on the 2025 tax plan. Next year, this will be half a percentage point higher for homeowners earning higher incomes, while those earning lower incomes will be able …

People are borrowing more to buy a house as prices rise
1 month, 1 week ago

People are borrowing more to buy a house as prices rise

Dutch News  

Rising house prices and a drop in mortgage interest rates have boosted the average new mortgage in the Netherlands to €346,572, according to mortgage advisory group De Hypotheker. Since then interest rates have gone down slightly and the amount people can borrow, based on the value of the property, has risen. Last week, family spending institute Nibud said with wages …

Average mortgage amount rises to record €346,572
1 month, 1 week ago

Average mortgage amount rises to record €346,572

NL Times  

The average mortgage amount for the purchase of a new home rose to the highest level in the third quarter of this year, reports De Hypotheker. According to the mortgage advisor, the average mortgage amount rose 8 percent to 346,572 euros, surpassing the previous record from the first quarter of 2022 of 337,384 euros. The average mortgage amount of young …

More million euro homes – based on more million euro debts
6 months, 3 weeks ago

More million euro homes – based on more million euro debts

Dutch News  

The number of Dutch homes worth €1 million has grown from just 14,000 to almost 200,000 in the past 10 years, according to property expert Calcasa. In its annual report, published on Thursday, Calcasa found that by the end of last year 197,000 homes in the Netherlands were valued at more than €1 million, accounting for 4% of the housing …

More million euro homes – based on more million euro debts
6 months, 3 weeks ago

More million euro homes – based on more million euro debts

Dutch News  

The number of Dutch homes worth €1 million has grown from just 14,000 to almost 200,000 in the past 10 years, according to property expert Calcasa. In its annual report, published on Thursday, Calcasa found that by the end of last year 197,000 homes in the Netherlands were valued at more than €1 million, accounting for 4% of the housing …

Dutch debt level falls amid €3 billion surplus; Recession slightly worse than thought
1 year ago

Dutch debt level falls amid €3 billion surplus; Recession slightly worse than thought

NL Times  

The Dutch government managed to bring down the national debt, while collecting a surplus of 3 billion euros in revenue during the first three quarters of the year. According to the national statistics office, the government achieved a surplus of 3 billion euros in the first three quarters of 2023. Government debt also decreased by almost 14 billion euros to …

More signs that Dutch housing market is recovering: Mortgage adviser
1 year, 8 months ago

More signs that Dutch housing market is recovering: Mortgage adviser

NL Times  

The Dutch housing market is showing more signs of recovering, De Hypotheker reported. The number of mortgage applications to purchase a home increased by 10 percent in the first quarter of 2023 compared to the previous quarter, Het Financieele Dagblad reports. The sharp decrease is mainly due to a huge fall in the number of mortgage applications for refinancing, -92 …

Fewer people have issues paying debt, but many have multiple problems
1 year, 9 months ago

Fewer people have issues paying debt, but many have multiple problems

NL Times  

The number of Netherlands residents with current debts decreased last year, and along with that, the number of people struggling to pay their debts. But tens of thousands of people are facing multiple arrears, according to Stichting BKR, the foundation that keeps track of debts in the Netherlands. Last year, 7.8 million people had 11.7 million current consumer loans in …

Mortgage interest rates near highest point in eight years
2 years, 2 months ago

Mortgage interest rates near highest point in eight years

NL Times  

Mortgage interest rates in the Netherlands are currently at their highest point since the beginning of 2014. The mortgage adviser blamed the rate hikes on interest rate increases by central banks like the European Central Bank and the American Fed, as well as the sabotage of the Nord Stream pipelines last week. For comparison, the mortgage interest rate was historically …

Mortgage rates quickly rise to 4 percent after summer dip
2 years, 3 months ago

Mortgage rates quickly rise to 4 percent after summer dip

NL Times  

After a brief summer period where mortgage interest rates declined the average rate was back on the rise in the Netherlands. “Since July, interest rates on the capital market have risen by about 0.90 percentage points, which obviously has consequences for mortgage rates,” the organization wrote. Mortgage rates have jumped up by an average of 0.05 percent or more on …

Dutch home prices still climbing, but slowing down
2 years, 7 months ago

Dutch home prices still climbing, but slowing down

NL Times  

House prices in the Netherland rose sharply again in April. But the pace at which home prices are increasing is lower than at the beginning of this year, according to new figures from Statistics Netherlands. "The lowest mortgage interest rates have risen about three times since the beginning of the year," said financial expert Amanda Bulthuis of comparison site Geld.nl. …

Dutch economy grew more than gov't debt in 2021
2 years, 8 months ago

Dutch economy grew more than gov't debt in 2021

NL Times  

Government debt amounted to 52.1 percent of gross domestic product last year, down from 54.3 percent. The Dutch government saw its income increase by 25 billion euros to 337 billion euros last year. People spent more in the second year of the coronavirus crisis than in 2020, which increased the government's VAT revenues by 6 billion euros. Non-tax revenues increased …

A home of your own? Key tips for first time buyers in 2022
2 years, 10 months ago

A home of your own? Key tips for first time buyers in 2022

Dutch News  

Planning to buy a house in Amsterdam or anywhere else in the Netherlands for the first time in 2022? Taxes As in 2021, first time buyers under the age of 35 will not have to pay transfer tax if they are buying a house costing less than €400,000. Mortgages The new government has not yet said it has any plans …

A home of your own? Key tips for first time buyers in 2022
2 years, 10 months ago

A home of your own? Key tips for first time buyers in 2022

Dutch News  

Planning to buy a house in Amsterdam or anywhere else in the Netherlands for the first time in 2022? Taxes As in 2021, first time buyers under the age of 35 will not have to pay transfer tax if they are buying a house costing less than €400,000. Mortgages The new government has not yet said it has any plans …

Disposable income in the Netherlands doubled in the past 50 years
3 years, 8 months ago

Disposable income in the Netherlands doubled in the past 50 years

NL Times  

The average net disposable income for Dutch households rose by 112 percent in 2020 compared to 1969, Statistics Netherlands stated. That means that last year the net disposable income per person lay at 21.9 thousand euros. The faster growth of the GDP compared to the net disposable income is due to a stagnation of the net disposable income per household …

Mortgage interest rates at record low in Netherlands
3 years, 11 months ago

Mortgage interest rates at record low in Netherlands

NL Times  

The mortgage interest rates in the Netherlands dropped to a record low over the past year. Those who took out a 20 year mortgage with National Mortgage Guarantee on January 1 did so at an interest rate of 1.23 percent, compared to 1.48 percent a year earlier, according to figures from comparison site Rente.nl, RTL Nieuws reports. A low mortgage …

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