IG&H's Mortgage Update | Insights from Q2 2021

Mortgage revenue declines to €37 billion due to strong decline in purchase market. Market share of three large banks declines to 46,5%.

 
Utrecht, 5 August 2021

Mortgage revenue in the second quarter of 2021 totaled €37 billion. This is a rise of 8.3% in comparison to the second quarter of 2020, but a remarkable decline of 5.8% compared to the first quarter of 2021. The number of new homeowners declined sharply, whereas their numbers rose strongly in the first quarter due to the fall in transfer tax. The number of transferrers has declined as well, which brings the total number of mortgages provided to 109,000 in the second quarter of 2021, compared to 112,000 in the first quarter.

The market share of the three large banks declines to 46.5%.

 

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Development of the Dutch mortgage market