Netherlands

Housing crisis is now an emergency, says real estate agents’ chief

New housing under construction in Amsterdam. Photo: DutchNews.nl

The housing crisis in the Netherlands has turned into a housing emergency, the head of the Dutch real estate agents’ association said on Thursday.

New figures show that house prices soared a further 8% in the final quarter of 2019, boosting the average price of a home to €326,000, NVM chairman Onno Hoes said.

The lack of supply and continuing demand is leading to continuing pressure in the market nationwide, Hoes said. ‘I keep reading about a housing crisis, but I now dare to talk about a housing emergency.’

Not only is there a shortage of existing buildings – the number offered for sale fell by 4% in the final three months of the year – but few new homes are coming on the market.

Little change is expected in the near future. The national statistics agency CBS said at the end of last year that the number of permits for new homes fell by 25% in 2019, despite government pledges to boost supply.

This ‘vicious circle’ means first-time buyers will find it even more difficult to buy a home in 2020, Hoes said.

DutchNews.nl has been free for 13 years, but now we are asking our readers to help. Your donation will enable us to keep providing you with fair and accurate news and features about all things Dutch.
Donate via Ideal, credit card or Paypal.

Football news:

Rudi Garcia over Lyon ' s kansen tegen city: de kwartfinales lieten zien dat de favorieten ook verslagen kunnen worden
CSKA ging akkoord met een vijfjarig contract met Fuchs. De overdracht wordt geschat op 7-10 miljoen euro
Ferdinand over Messi in Barca: wil hij blijven, gezien de resultaten en de prestaties van het team? Heeft hij tijd om te wachten?
Het zou me niet verbazen als Pochettino binnen drie dagen wordt benoemd. Ex-Barca winger Carrasco in de nieuwe coach van de club
Alaba over Mueller: we zijn blij dat Bayern zo ' n speler heeft
Jordi Cruyff verving Donadoni aan het hoofd van China ' s Shenzhen
Tiago Pro 8:2 met Barca: Bayern heeft nog niets gewonnen