Dutch RMBS Index Report Q1 2010—Improved Consumer Confidence Starts To Unclog The Dutch Housing Market May 10
Standard & Poors, May 2010
Abstract
Recent data on the Dutch housing market indicate that it may be starting to emerge from the difficulties that have plagued the global economic and financial markets, in Standard & Poor's Ratings Services' opinion. In particular, year-on-year house price declines have slowed and new home purchases are on the rise. We also expect slight growth in the Dutch economy over the next two years, a view that corresponds with data showing a growing consumer and industry confidence in The Netherlands. This is, however, to be balanced with unemployment reaching a four-year high at the start of 2010. We believe that this rise in unemployment will drive the arrears levels of Dutch mortgage loans, and that this could cause small increases...
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Research Type: Commentary
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