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Oct 25, 2011

Mortgage Debt-To-GDP Ratio

The Netherlands and Denmark had the highest Mortgage Debt-to-GDP ratio in the developed world in 2009 as you can see. Italy and Greece had the lowest ratio. In the Netherlands there is a big tax incentive to get debt by a mortgage. Besides that, it is also possible as one of the only countries in the world to get a mortgage loan of over 100% of the property value. These policies drove up the mortgage debt dramatically.

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