Skip to main content
All Posts By

Suntorian

Over the next ten years, 845,000 new homes will be needed to make up for the shortage

By News No Comments

Over the next ten years, 845,000 new homes will be needed to make up for the shortage

Market 2020. The report lists the most important developments in the housing market of the past year. One of the main goals of the State of the Housing Market 2020 is to keep housing production going. Only in this way can the growing demand be met while at the same time eliminating the housing shortage.

There is currently a shortage of 331,000 homes. That is 4.2 percent of the total housing stock in the Netherlands. According to the report, this should be reduced to 2 percent by 2035.

According to Minister Ollongren, the demand for housing will only increase in the coming period, partly due to the growing number of residents in the Netherlands. The Netherlands is expected to have 18.8 million inhabitants in fifteen years. The report also shows that starters, middle-income people and vulnerable people in particular are currently struggling to find something suitable.

Due to, among other things, the nitrogen problem, exposure to PFAS (chemicals) and because there are too few construction sites, the production of new-build homes will drop sharply, from 71,500 in 2019 to an expected 55,000 in 2020. In 2021, production is expected to decline further. to 50,000. After that, the situation should slowly recover.

 

Corona crisis makes people more reticent

The report also examines the consequences of the corona crisis for the housing market. The crisis fears that people will be more reluctant to buy a home. Investors and developers may be less likely to invest in new-build homes, Ollongren thinks.

It now looks like housing demand has indeed declined since the outbreak of the coronavirus. According to the minister, the previous crisis in 2008 also shows that the consequences for construction during a crisis can last for a long time.

In the next ten years, 845,000 new homes must be added to prevent the housing shortage from rising further. That is one of the main conclusions in the State of the housing market 2020 of the Ministry of the Interior. The annual report contains the most important developments in the housing market of the past year. The report was presented to the Lower House by Minister Olongren.

At present, there is a shortage of 331,000 homes in the Netherlands, 4.2 percent of the housing stock. The aim is to reduce this shortage to 2 percent in 2035. Since the Netherlands is expected to have around 18.8 million inhabitants in that year, not only will many homes be built in the coming years to make up for the shortage, but also to meet rising demand.

71,500 new-build homes were built in the past year. In addition, another 10,000 homes were created by converting existing buildings. In 2018, the cabinet expressed the wish to build 75,000 new homes every year until 2025.

The number of new homes being built is expected to drop to 55,000 this year and to 50,000 in 2021. This is largely due to the problems surrounding nitrogen, PFAS and the lack of construction sites. Recovery is expected from 2022.

Problems for starters and middle incomes

In the current housing market, starters and middle incomes have difficulty finding suitable homes, the report says. They often have to settle for the existing housing stock. The share of first-time buyers on the owner-occupied market decreased from 48 percent in 2013 to 32 percent in 2019.

Vulnerable groups also find it difficult to intervene. For the time being, an extra 50 million euros will go to the care of the homeless. In time, the cabinet wants to get rid of the reception as much as possible. To this end, 10,000 additional living places with supervision will be needed in the next year and a half.

The corona crisis also has consequences for the housing market. According to the report, there is a risk that people may become more reluctant to buy a home, making it less likely for investors and developers to invest in new home construction.

Minister Ollongren points out that during the previous crisis of 2008 we saw that the demand for housing is returning quickly, while the effects on construction can have a long lasting effect.

Demand for land to build is increasing

The demand for locations to build new buildings is increasing, while the supply is extremely limited.
Given the expansion of the North / South line towards Purmerend, for example, it seems that building in Amsterdam North is one of the few remaining options.

.

Sources: Nu.nl en NOS.nl

Greater housing shortage than expected

By News No Comments

The annual survey by real estate advisor Capital Value and ABF Research showed that the housing shortage in the Amsterdam Metropolitan Area has risen to 50,000. That is considerably higher than expected. 

This trend will continue due to the decline of many building permits in 2019 in combination with strong population growth. As a result, the researchers expect the national deficit to persist or not to rise.

The report described that the affordability of housing in Amsterdam is ‘under enormous pressure’ as a result. The municipality is fully engaged in finding solutions to this. For example, a letter of intent was signed in February with real estate parties and investors to realize 10,000 rental homes in Amsterdam for middle-income households. This should ensure that the housing must be affordable for teachers and care providers, among others.

It has also been agreed to annually build 15,000 homes within the metropolis, 5,000 of which are in the social rental segment. The average waiting list time for a social rental home in Amsterdam is currently about 9 years and these measures should shorten the waiting list.

The number of elderly people in the Netherlands is increasing and this group is the victim of the housing shortage because too few homes have been built in recent years. In the next ten years, some 35,400 households in this age category will be added. The number of young households (up to the age of 29) is also increasing and this will be a shortage of 9800 homes throughout the Netherlands in the next five years. A large part comes from Amsterdam, while it is almost impossible to find a suitable home at the moment.

The researchers believe it is important to be able to solve the problem not only with the municipality, but also with investors, because they would have around 26 billion euros available to invest and thus realize around 100,000 homes. In addition, foreign pension funds would also be interested in investing. With this they want to realize social rental homes and homes in the middle segment.

‘It is therefore possible to reduce the large shortages, together with the housing associations, enormously. With one condition: That there is more supply of building plans and locations’, according to Capital Value and ABF Research.

Bron: AT5

Province wants metro to Zaandam, Purmerend, Hoofddorp and Schiphol

By News No Comments

The Amsterdam metro network must be expanded to Zaandam, Purmerend, Hoofddorp and Schiphol.
The new coalition of the province has just announced this

If it is up to the province, concrete agreements will be made within four years about extending the metro line.
The line will most likely connect to the North-South line.

Showpiece
The plans are the showpiece of the new provincial government in North Holland.
In total, the province will release 61.7 million euros for accessibility in the short term.

Also read: Province comes up with ‘sustainable’ coalition agreement: these are the most important points

Expansion plans have been in place for some time for the Amsterdam metro network.
For example, there is also talk of ‘closing’ the Ring Line between the stations Amsterdam Sloterdijk and Amsterdam Central.
The metro must also branch out to the new Port-City district to be built.

This morning, a large group of important organizations called for the extension of the North-South line to Schiphol.
What the Amsterdam metro network will look like in the future will have to be announced later.

Bron: NH Nieuws

Video Nieuwsuur: Major housing shortage in the Netherlands

By News No Comments

Just before the Corona crisis, we were in a nitrogen crisis, which hindered housing construction. There is currently a shortage of more than 300,000 homes, which will rise to about 1.5 million in the next 30 years. There is also a shortage of space to realize this.

Tymon De Weger (alderman in Woerden): “We want to build 4,000 homes in Woerden until 2040, some of which are outside the city in the Green Heart.”
Bob Duindam (alderman in Oudewater): “Until 2040, we want to build 650 homes, 450 of which are outside the city limits in the Green Heart.”
Guus Elkhuizen (alderman in Nieuwkoop) “We want to build 1,900 homes until 2030, some of which are outside the villages, but in the Green Heart.”
These are statements by 3 concerned legislators from municipalities in the Green Heart. They want to build outside the municipal boundaries. Gerard van As, alderman of Alphen aan de Rijn, also has the biggest plans to build in the Green Heart. We currently have the Corona crisis and another housing crisis on top. The housing crisis is so great that it is a form of housing shortage, especially in the Randstad that we have never known.
Since housing has been in the hands of municipalities since 2017, CEOs, scientists and civil servants are concerned about spatial planning in the Netherlands.
According to Frans Blom, researcher at Denkwerk, the Groene Hart largely consists of exhausted agricultural land that is no longer useful for farmers. The government must take the lead in developing a spatial vision. We have great challenges ahead of us and we need a national plan. “We are not concerned with growth,” says Bob Duindam. “We only want to give people who were born and raised here in the Netherlands and who work here a place to live.”
Deputy Anne King scrapped Alphen aan de Rijn’s expansion plans and she wants the councilors to solve their housing shortages within the municipal boundaries.
“The province has locked up the Green Heart for housing, but we have really reached the limit.” Says Tymon De Weger. According to Guus Elkhuizen, the municipality is very flexible about placing windmills in the nature reserve, but when it comes to housing construction, the door is locked. Bob Duindam also thinks it all took too long.

Frans Blom thinks that the provincial administrators are losing valuable time. “We are currently short of 350,000 homes, ie they don’t have a home. That number grows to one and a half million. We also have to realize that developing a home takes about 10 years. So if we don’t start now, we still won’t solve the problem within 10 years. It is really time that we start now. ”

Deputy Anne Koning shares the wish of the aldermen and researchers for more central control from The Hague, but she continues to build critically in the green.

Source: Nieuwsuur

Proposition: Amsterdam

By News, Propositions No Comments

Propositions in Amsterdam

Everyone will agree: When you own real estate or property land in Amsterdam, you have gold in your hands.
This metropolis continues to grow and the value of houses and land continues to increase.

Amsterdam has set itself the goal of large-scale expansion in the coming years.
The grounds that we currently own are therefore very rare and unique.

Are you looking for the extremely interesting proposition with a high chance of return in the foreseeable future?
Then the Amsterdam propositions of Suntorian Sustainable Partners are ideal for you.

Ask us now for the brochure by calling us on phone number: +3175-7600755
or fill in your details below: