Vandaag een hoop aandacht voor de Nederlandse economie:
Falling Netherlands house prices leave owners stuck
The housing dam has broken. Holland is sitting on some 650bn euros in mortgage loans, with many properties worth 25% less than they were before the financial crisis.
Bron: BBC
Dutch disease shows perils of an economy relying on rising house prices
During the boom years Dutch house prices rose too high – way too high. Seduced by the idea that owning a house in Holland was a sure-fire investment winner, sucked into the narrative that a shortage of land meant that house prices across the Netherlands were guaranteed to rise, urged on by a government that subsidised mortgages, the Dutch borrowed against their home, and borrowed against the belief their home would rise in value and they ran-up huge debts.
The house price bubble of the Netherlands is bursting all over its economy
This is plainly a depressing influence on the Dutch economy and a cause of why domestic demand is so weak at this time. In April (H/T Daniel Mugge) the European Central Bank reported that the Dutch debt to income ratio was 194% which was three times the Euro area average. Also mortgagees in the Netherlands at 52.5% had the worst loan to value ratio. Now these numbers have taken it time to collate and are from 2009/10 but now add in the house price and real wages falls occurring and you are left with only one conclusion.
Ook de financial times deed een duit in het zakje, maar dat staat achter een betaalmuur.