The real estate sector
promotes a ready marketability and a proper determination of prices.
Foreign interest in guilder investments was great during the past
year. There was also a fair demand for our mortgage bonds from
abroad.
Partly as a result of a few adjustments in our package of loans
during the course of 1976 and the constantly great demand for
mortgage credit we have increased the production in the active
finance sector considerably during the past year. The amount of
quotations accepted, well above 673.000.000 in 1976, rose to
f 1.814.000.000 in 1977. Where in 1976 we made 7000 quo
tations, the number increased to 13.600 in 1977. Especially
during the second quarter of 1977 part of the demand, which
could not be met by the banks as a result of the credit restriction,
was directed to the mortgage banks. During the subsequent
quarters the banks were given more scope because credits
granted to trade and industry were lagging behind.
In the past year mortgage loans to an amount of f 1.737 million
were granted, whereas redemptions to an amount of f 458 million
were received.
Our mortgage portfolio increased from 2.654.000.000
to f 3.933.000.000 at the end of 1977.
During the past financial year the demand by tenants for com
mercial and office premises continued to be small. This is, of
course, mainly caused by the continuing stagnation in the
average yield on mortgage bonds
average yield on the last 3 State-loans
