First Dutch cities plan to dam traders from taking properties

Rotterdam, Eindhoven, The Hague and Haarlem are anticipated to be the primary main Dutch cities to ban traders from shopping for rental housing within the close to future, FD reported. The 4 cities may ban traders from taking properties in sure neighborhoods by early subsequent 12 months.

Cities can designate neighborhoods during which traders can not buy low-cost or mid-rent properties with the intention of renting them out. With such measures, cities wish to intervene within the housing market over the following 5 years. The ban is predicted to counter the present scarcity and excessive costs within the housing market.

Based on the newspaper, there may be a number of enthusiasm amongst metropolis directors for such a step to be taken. The seven largest municipalities wish to introduce such a ban if the Senate approves the initiative later this 12 months. Different municipalities, together with Leeuwarden, Groningen and Zaanstad, are additionally .

Traders and the Dutch Central Financial institution criticized the proposal. Based on the DNB, it isn’t sure that rental costs within the free sector would drop sharply.

Peter Boelhouwer, professor of the housing market at TU Delft, additionally doubted that such a measure would remedy the housing scarcity. “You do not add additional properties with this,” he informed NOS Radio 1 Information.

“However for first-time patrons, meaning they’ve a number of extra alternatives. They usually fish behind the online when traders begin to purchase,” he mentioned.

Based on Boelhouwer, the measure is principally aimed toward sustaining the standard of life. He defined that the consolation of life in lots of locations is presently broken as a result of over-shopping. “A number of the individuals who purchase homes lease them to college students or migrant employees. These homes develop into ‘disguised’ and extra individuals are discovered there than normal,” he mentioned.

The feasibility of the measure will pose few issues, concluded Boelhouwer.

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