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.