IG&H's  Mortgage Update | Q4 - 2020 

New figures show that the mortgage revenue in the fourth quarter of 2020 has grown by 22% compared to the fourth quarter in 2019 to €44 billion. 

 

Click here to directly read IG&H's quarterly mortgage market update (in Dutch)

 

Decrease in number of new homeowners 

The number of mortgages for new homeowners has decreased by 26% in the fourth quarter of 2020 compared to previous quarter to 120 thousand mortgages. This is also a 13% decrease compared to the fourth quarter in 2019. ‘New homeowners are currently in a tough situation on the housing market, due to low housing supply and high prices’, says Joppe Smit. ‘Another potential reason for the decline could be that new homeowners have postponed their mortgage to the beginning of 2021, because they will not have to pay a property transfer tax anymore by then.’ 

 

Banks recover market share through strong growth 

The market share of banks increases by 5 percentage points to 56,6% in the fourth quarter. After three quarters of declining market share and a slight increase last quarter, banks manage to recover. They do particularly well among people refinancing and taking out additional loans, where their market share increases by 7,8 percentage points to 61,6%. Rabobank, ING and ABN AMRO experience the strongest growth this quarter.