An increasing number of Dutch homes are being bought without a mortgage, according to the Land Registry. Last year almost a third of the apartments sold in the Netherlands were bought in cash, NOS reports.
In the large Dutch cities Amsterdam, Rotterdam and The Hague, about 25 percent of houses were bought without a mortgage. In student cities like Delft, Groningen and Maastricht, 30 percent were bought in cash. Last year mortgage-free buyers spent 8.6 billion euros on homes, 16 percent of the total money spent on mortgages. In 2011 it was 4 billion euros.