Skip to main content
Home

Main navigation

  • Top stories
  • Health
  • Crime
  • Politics
  • Business
  • Tech
  • Culture
  • Sports
  • Weird
  • 1-1-2
Image
Hard hat
Hard hat - Credit: Photo: Habib M’henni / Wikimedia Commons
Business
housing market
Dutch housing market
affordable housing
Hugo de Jonge
Ministry for Public Housing
new construction
housing construction
housing shortage
NVM
VEH
Monday, April 11, 2022 - 08:40
Share this:
  • facebook
  • twitter
  • linkedin
  • whatsapp
  • reddit

Cheap new homes impossible to find in Netherlands: report

Not a single newly-built home for 200,000 euros or less was available on the Dutch housing market in the past quarter. And only 12 percent of newly-built homes on the market cost less than 300,000 euros. The supply of cheaper new homes dried up almost entirely in the past five years, Trouw reports based on figures from the realtors' association NVM. 

Early in 2017, about 60 percent of newly built homes cost less than 300,000. Now that's 12 percent. Five years ago, 15 percent of new homes cost less than 200,000 euros. Now that's impossible to find. 

Minister Hugo de Jonge for Public Housing wants to build 900,000 new homes by 2030 - about 100,000 per year. A third of these must fall into the category "mid-market rent" with a maximum rent of 1,000 euros, or "affordable purchase," which De Jonge set at 355,000 euros. That target will be challenging to reach, according to Trouw. If the NVM figures for the past quarter are converted to an entire year, only 8 or 9 percent of new construction will fall under "affordable purchase." 

Homeowners' association VEH also raised doubts about exactly how affordable a purchase price of 355,000 euros is. According to the VEH, that amount is barely feasible for households with an income of twice the average. A family consisting of a police officer and a part-time secretary, for example, can get a maximum mortgage of 272,000 euros. A single nurse can only borrow 217,000 euros for a home.

Follow us:

Latest stories

  • Less than half of NL residents get enough exercise
  • Discrimination in healthcare making people sicker: report
  • Dutch municipality buys up land to help new homeowners afford a house
  • Six in custody for shooting at Zoetermeer playground; Victim, 17, in hospital
  • Spring drought similar to record year 1976
  • MH17 ruling in November at earliest

Top stories

  • Netherlands' lack of Covid strategy could result in more lockdowns: report
  • Intelligence services to start large-scale data mining despite negative referendum
  • Increasing demand from U.S. for abortion pills from Dutch organization
  • Tourist killed in Mallorca cliff dive was former Vitesse football player
  • Rotterdam commemorates bombing victims with laser display
  • Ukraine wins Eurovision final; Netherlands finishes in 11th place

© 2012-2022, NL Times, All rights reserved.

Footer menu

  • Privacy
  • Contact
  • Partner content