In the second and third quarter of 2015, more new mortgages were taken out than were repaid. In the third quarter, for example, 2.8 billion euros more was paid in mortgages than repaid.

This is probably due to the termination of the gift tax exemption on 1 January 2015 and because the housing market is picking up again. The donation exemption ensured that people started to pay more and that new mortgages could be closed for a lower amount. Due to the improving housing market, almost 30 percent more homes were sold in the third quarter of 2015 than in the same period in 2014. Selling prices also rose by 2.9 percent in the third quarter.

Banks provide most mortgages

The market share of the banks on the mortgage market also rose sharply: nine percent compared to 2010. Their share now stands at 61 percent of all mortgages. Different intermediaries also have a share in the current outstanding mortgages, but since 2010 considerably fewer mortgages have been taken out through these intermediaries.

Insurers and investment institutions also have a share of the mortgage market: the insurers hold about seven percent of the mortgages and investment institutions about 2 percent. This has been a significant increase since 2010. At that time, insurers were still at over three percent, for example.