Dutch household wealth down 12% in 1 year

Posted on Jan 24, 2012 in News | 1 comment

Dutch household wealth down 12% in 1 year

The average Dutch family’s household net worth declined 12% between 2011 and 2010, Statistics Netherlands said Tuesday.

The personal capital of households in the Netherlands has further declined. On 1 January 2011, the median household capital was 29 thousand euro versus 33 thousand euro early 2010, a decline by 12 percent.

Personal capital households down due to home value depreciation
Early 2010, the capital of households was below the level of one year previously. The loss was largely due to a reduction in the value of privately-owned residential property. Nearly six in ten Dutch households own the home they live in.

Early 2011, the median value of privately-owned homes was 233 thousand euro versus 237 thousand euro early 2010. The mortgage debt increased from 156 thousand euro in 2010 to 160 thousand euro in 2011. Other debts also increased, from 37 to 42 thousand euro

More at The Dutch Daily News

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  • Benjamin

    For what it’s worth: it’s never too late or too early to be whoever you want to be. There’s no time limit, start whenever you want. You can change or stay the same, there are no rules to this thing. We can make the best or the worst of it. Hope you have the strength to start all over again.