In the wake of the 2008-09 financial crisis, the Dutch government and financial regulator introduced a series of changes that were designed to protect the financial system and housing market for the future, including:
There have been further social and demographic changes, with population growth and decreasing family sizes leading to an increased demand for flexible and temporary housing solutions.
*Above data is sourced from Rabobank.
BTL mortgages are loans to purchase residential properties for investment purposes. The loans, which are pooled together and structured into new securities to mitigate the default risk inherent with individual borrowers, are a way of transforming rental housing into an investable asset class.
Launched via a €250 million bond issue, followed by a second €318 million bond issue that closed in March 2020
Inaugural issuance was more than two times oversubscribed, with orders received from investors across European Union, the UK and the US
Both bond issues attracted strong demand from existing and new clients
Total lending across 2,500+ BTL loans, estimated to reach nearly €1billion in 2020
Gianfranco Simionato, Head of Credit, Fixed Income and Currencies, EMEA