The role of government and financial institutions during a housing market crisis: a case study of the Netherlands

The generous mortgage tax relief enjoyed in the Netherlands and the possible existence of a house price bubble cannot explain the sharp decrease of house prices in the Netherlands in the period from 2011–2013. This sharp decline can, however, be explained by the rigorous adjustments to mortgage lending criteria after 2011. Key financial...

Financial institutions have owner-occupancy in a stranglehold: An explanation for the recession in the Dutch housing market

Like many other West-European countries, the Dutch housing market fell into a depression since the fall of Lehman Brothers at the end of 2008 and the credit crunch started. After 2010, many housing markets in Europe recovered from the financial crisis and experienced growing house prices again. This was however not the case in the Netherlands....