The drop in property values and increase in mortgage debt have cut Dutch households’ combined assets by 20%, the national statistics office CBS said on Monday.
At the beginning of this year, the average household had assets of €33,000, down from €42,000 at the beginning of 2009, the CBS said.
Six out of 10 Dutch households own their own homes. The average value of a house was €237,000 at the beginning of this year, while the mortgage debt was €155,000.
At the beginning of 2009, the average house was worth €254,000 and the average mortgage was €150,000.
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