Party leader Dilan Yeşilgöz stated her party will not agree to a decrease or abolishment of the benefit, and it will not agree to a coalition with any party that indicates a change to the deduction of mortgage interest.

With an election looming on October 29, ask for an increase in the ministry; this position makes cooperation with a number of other major parties much more complex.

Deductions Become Election Topic
Yeşilgöz asserted that many households rely on the mortgage interest deduction.

"If you have worked very hard to buy a house, we cannot take that away from you," said Yeşilgöz. Both the CDA and the GroenLinks-PvdA have committed to abolishing the benefit over a gradual period of time — the CDA wants it gone in 30 years and the GroenLinks-PvdA over the course of eight years.

The aim is to have households depend less on cheap money to purchase a home.

The departments of Economics and Housing.

In stating that mortgage interest was distorting the housing market by providing buyers access to larger amounts of money and therefore increasing the price of a house, while also privileging homeowners over renters.

Although it could mean an increase of hundreds of euros per month for homeowners, mortgage experts claim that if the mortgage deduction benefit were to be phased out gradually, it would lessen the blow on future buyers.



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