Tuesday 31 May 2016

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Airbnb says Amsterdam hosts earn €3,800 a year

Housing

Amsterdam's Airbnb hosts rent out their properties for an average of 28 days a year, earning an average of €3,800 in the process, according to figures released by the housing platform.In total, 14,200 Amsterdammers advertise their homes via the website and holidaymakers stay for an average of 3.3 nights, Airbnb said. It is the first time the website has issued details about its Amsterdam hosts and their apartments.The figures come at a time when the city council is looking into tightening up its agreement with Airbnb following claims that more and more city apartments are being used exclusively for holiday rentals.In total, Airbnb benefits the city's economy by €380m a year in rental income and tourist spending, the company said.  More >


Waiting lists for housing are exaggerated

HousingSome 65% of the 600,000 people on the waiting list for a housing corporation home in the Netherlands are not actively looking to move, according to research for housing minister Stef Blok.Many people write themselves in so that by the time they actually want to move, they are near the top, Blok said. The practice means waiting lists do not accurately reflect housing needs, Blok said.The waiting list for a rent-controlled housing corporation home in Amsterdam is currently 8.7 years. By contrast, in The Hague region it takes around 2.8 years to reach the top of the list.However, the actual time it takes to be allocated a property is far shorter because so many people on the list don't actually want to move.In Utrecht, for example, the official waiting list is 7.4 years but most people actually found a corporation home within four.  More >


Scrap mortgage tax relief say think-tanks

HousingScrapping the current system of mortgage tax relief would improve the way the Dutch housing market functions and stop distorting spending power, two powerful government think-tanks said on Monday.The macro-economic planning agency CPB and the environmental assessment agency PBL say in a joint report that mortgage tax relief acts as a subsidy for home owners. Without it, the organisations say, home owners would have to opt for a home that better suits their individual circumstances.Without the tax break, house prices will fall and home owners will have lower debts. In the short term however, they point out, this might mean more people are in negative equity - their mortgage is higher than the value of their home.The Netherlands' generous system of tax relief on mortgages has been under fire for years from international as well as national think-tanks and has been reduced slightly in scope.Since January 2013, tax relief has been limited to repayment mortgages only, although existing mortgages were not affected.In addition, the interest on mortgage loans is only deductible for a maximum 30 years and the amount of tax relief is being slowly reduced.  More >