Market Information Tuesday 22 September 2020

In the Netherlands, the prices of existing owner-occupied homes were 8.2% higher in August than in the same month a year earlier. Research by Statistics Netherlands (CBS) and the Land Registry (Kadaster) shows that this is the largest price increase in more than 1.5 years. According to Statistics Netherlands, the average house price is now about 51% higher than during the downturn in 2013. The number of transactions did fall, however.

Dutch consumer sentiment hardly changed in September, according to CBS. Consumer confidence stood at minus 28, compared to minus 29 a month earlier. At minus 28, consumer confidence in September was far below the average over the past twenty years, which stands at minus 6.

Dutch consumers spending was down 6.2% less in July compared to the same month a year earlier. This is reported by the CBS. The decline is lower than in the previous four months. Consumers once again spent less on services and more on goods. For example, almost 15% less was spent on services and almost 10% more on durable goods.

The 6M Euribor decreased with 1 basis point to -0.47% compared to previous business day. The 10Y Swap decreased with 2 basis points to -0.24% compared to previous business day.

In the attachment, today’s market data on money and capital market rates as well as other rates are presented.