Home ownership key in household asset rise: CBS

Photo: DutchNews.nl

Median household assets in the Netherlands rose by €47,000 in 2022 to a total of just over €135,000, latest figures from statistics agency CBS show.

The CBS attributes the rise to higher house prices. If real estate is excluded, median assets would be just short of €22,000, meaning half of households have more than €22,000 in assets and half have less.

In total, Dutch households have assets of €2.5 billion, the CBS said. Almost 6 in 10 households owned their home in 2022 and property accounts for 62% of their assets. Shares and other investments account for 13% and savings 11%.

At the same time, half of households were paying off mortgages, which account for 83% of household debt. Some 17% of households were paying off student loans and 41% had other debts, such as a bank loan.

The most affluent households are still to be found in Bloemendaal, with assets of up just over €663,000, or five times the national average, closely followed by Laren, Heemstede, Blaricum and Bergen.

Rotterdam is bottom of the list, with median assets of just €11,800. The asset-poorest households are mainly concentrated in the big cities, which are home to relatively young people, people on benefits and people in low-paid jobs.

Asset inequality has fallen year on year since 2015. Income inequality is considerably lower than asset inequality and has hardly changed in the period between 2011 and 2022.

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