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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.

1 comment:

  1. When two or more people are both liable on a loan, the general rule (or in legal terms the prima facie rule) is that they will share it equally, unless they have agreed on some other proportions. If one pays more than an equal share, the person paying more is entitled to contribution from the other debtor or debtors. Otherwise, the other debtor or debtors would be unjustly enriched. loan yantra