Print Email Facebook Twitter The credit crunch: Impacts on the housing market and policy responses in the Netherlands Title The credit crunch: Impacts on the housing market and policy responses in the Netherlands Author Priemus, H. Faculty OTB Research Institute for the Built Environment Date 2009-11-26 Abstract This contribution deals with the impact of the credit crunch on the Dutch housing market and the policy responses of the Dutch government so far. Reinhart and Rogoff have presented an overview of credit crises after WW II: what are the general characteristics and impacts? Also in the Netherlands, banking problems were imported from the US. The open economy of the Netherlands appeared to be very vulnerable to the worldwide credit crunch. Also in this country the real economy worsened. Housing construction fell sharply, while prices of residential properties fell more gradually. After giving an overview of the Dutch government’s current policies to stimulate housing construction and renovation, we consider whether the Dutch economy is following the general pattern sketched by Reinhart and Rogoff. If so, we could expect a continuation of the crisis on the housing and construction market for another 4 years. Subject Credit crisisHousing marketSecondary mortgage marketHousing constructionHouse priceThe Netherlands To reference this document use: http://resolver.tudelft.nl/uuid:fd7480cf-1b06-4b92-9775-dc4cd244cec6 DOI https://doi.org/10.1007/s10901-009-9175-8 Publisher Springer ISSN 1566-4910 Source Journal of Housing and the Built Environment, 25 (1), 2010 Part of collection Institutional Repository Document type journal article Rights (c) 2010 The Author(s) Files PDF priemus.pdf 1.77 MB Close viewer /islandora/object/uuid:fd7480cf-1b06-4b92-9775-dc4cd244cec6/datastream/OBJ/view