Statistics Netherlands reported today that the overall Dutch household debt exceeded 742 billion euros at the end of March 2015, i.e. 2 billion euros up from one quarter previously. In the period between the end of September 2012 and mid-2014, household debts were still declining. The recent increase is partly due to the revival of the housing market and the lower level of gift tax exemption. Interest rates have also been at a historically low level for quite a while.