Skip to main content
Home

Main navigation

  • Top stories
  • Health
  • Crime
  • Politics
  • Business
  • Tech
  • Culture
  • Sports
  • Weird
  • 1-1-2
Image
Home keys
Home keys - Credit: assumption111 / DepositPhotos - License: DepositPhotos
Business
NVM
housing shortage
house prices
empty stores
Dutch real estate
Wednesday, 14 July 2021 - 17:04
Share this:
  • facebook
  • twitter
  • linkedin
  • whatsapp
  • reddit

Renovating empty shops can create thousands of homes: Realtors group

Converting vacant stores into residential housing can create 6,500 homes in the coming years, the realtors association NVM stated. This could help with the growing housing shortage in the Netherlands, they said.

At the start of 2021 there was an estimated shortage of 330 thousand housing units in the country.

NVM Business chair Sander Heidinga described the idea as, "A very interesting and realistic task." Since the start of the pandemic there has been a larger preference for online shopping, reducing the need for brick-and-mortar storefronts.

Heidinga said he believes up to 800 thousand square meters of vacant space is available in the Netherlands due to empty stores.

The obstacle is that changing the functional use of a commercial space must be in accordance with the zoning plan for the area. The location of the property, costs of renovation, and availability of daylight also play a role in the feasibility of renovating stores. Cooperation between the municipalities, property owners and brokers is also crucial.

The NVM registered the largest increase in housing prices this year since 1995. Home prices were almost a fifth higher in the second quarter than they had been last year. There is also a substantial shortfall of properties on the market, with many people looking to buy a home.

As a result, ABN Amro predicted home prices will rise 12.5 percent this year.

Follow us:

Latest stories

  • Hundreds register for March 10 affordable housing protest in The Hague
  • Women twice as likely to have Covid vaccine side effects
  • Teenagers suspected of manslaughter in The Hague snack bar owner's killing
  • Utrecht garbage strike comes to an end after one week
  • Rutte tells Erdogan the Dutch can offer more help; Dutch donate millions in relief aid
  • Netherlands, Germany & Denmark buying at least 100 Leopard 1 tanks for Ukraine

Top stories

  • Rutte tells Erdogan the Dutch can offer more help; Dutch donate millions in relief aid
  • Netherlands, Germany & Denmark buying at least 100 Leopard 1 tanks for Ukraine
  • Care farm ordered closed for physically, mentally abusing people with disabilities
  • Vattenfall to lower energy prices to below price cap for 700,000 customers in April
  • Dutch rescue team arrives in Turkey; Nearly €1.2 million raised for earthquake victims
  • Netherlands to send a search & rescue team to Turkey after 7.8 magnitude earthquake

© 2012-2023, NL Times, All rights reserved.

Footer menu

  • Privacy
  • Contact
  • Partner content