Coronavirus & Housing Market

We are all talking about the Coronavirus at the moment. What is going to happen, what will the effect be for the Dutch economy and housing market? Right now it’s difficult to estimate what the exact consequences are going to be for the property prices, viewings, mortgage interest rates and the availability of houses to buy.

Viewings are still taking place even though it could be in a different form with limited people present during a viewing or via a live video call.

According to Vereniging Eigen Huis "It is too early to predict that house prices will fall. It is clear, however, that house prices may rise less rapidly due to the corona crisis. This could calm the overheated housing market in many places. However, the structural shortage on the housing market is not suddenly over. It is plausible that more potential buyers will temporarily step in place."

Even for experts, the long-term consequences of the corona crisis on the housing market is a big question mark. We are hopeful, that when normal life takes its course again, the housing market will also normalise.

We wish everyone who is confronted with any form of the coronavirus all the best and a lot of strength!! If you would like to know more about the measures we take or if you have any other questions about the housing market, you can reach us at

Take care and stay safe!

What is National Mortgage Guarantee?

The Dutch National Mortgage Guarantee scheme is unique in Europe. It helps you take out a mortgage that is affordable and responsible from the start. And if you do run into problems meeting your payments due to circumstances beyond your control, the National Mortgage Guarantee may provide a safety net for you and your mortgage lender.

The National Mortgage Guarantee is referred to in Dutch as ‘NHG’ or ‘Nationale Hypotheek Garantie’.

Make sure your mortgage matches your income
When you take out an NHG-backed mortgage, you know for sure that your mortgage matches your income. That’s because your mortgage meets the criteria for responsible lending and borrowing set by the National Institute for Family Finance in the Netherlands (NIBUD). So you know for sure that you’re not borrowing more than you can afford. After making the monthly mortgage payment you’ll still have money left for other expenses like groceries, insurance and your savings account.

Safety net if you can no longer pay your mortgage
If you have an NHG-backed mortgage and can no longer pay your mortgage due to specific circumstances beyond your control, you and your mortgage lender can turn to us for support.

The specific circumstances under which NHG comes into operation are:

  • if you lose your job
  • if your relationship ends
  • if you become disabled for work
  • if your partner dies

NHG is a guarantee provided to the mortgage lender (for example the bank) by a government-backed foundation, the Homeownership Guarantee Fund (Waarborgfonds Eigen Woningen or WEW). If your circumstances change for reasons beyond your control, the NHG may provide a safety net for you to fall back on when times are tough.

Sourch: NHG