IG&H'S  Mortgage Update | Insights from Q3 2020

New figures show that the Mortgage revenue in the third quarter of 2020 has grown by 26% compared to the third quarter in 2019 to €41 billion. The number of mortgages has grown by 22% to 120 thousand. Compared to the second quarter of 2020, numbers also continue to grow: mortgage revenue increases by 8% and the number of mortgages grows by 5%. The numbers rose among all groups, but it is noteworthy that new homeowners and transferors show the strongest growth. 

 

Market share of insurers under pressure
The market share of insurers decreases by 2,5 percentage points compared to the previous quarter to 11,8%. Foreign parties increase strongly (+1,9 percentage points), and the market share of the banks recovers slightly compared to decreases earlier this year (+0,8 percentage points) and reaches a market share of 56,6%. ING passes ABN AMRO in the top 10 and secures the 2nd spot.