Dutch stay put in stagnant housing market
Tuesday 23 October 2012
The Dutch are moving house less often because the housing market is stagnating, according to the annual report of housing data supplier Woonkennis for 2012 and 2013.
Woonkennis' figures show that 900,000 households want to move but are staying put because of political uncertainty while a new coalition government is put together, which is likely to bring in tougher mortgage regulations.
Around half of them are not moving for financial reasons. Those who want to rent are facing new, stricter rules which limit income for social housing. Of the 1,100 people questioned, 22% said they cannot find an affordable home.
Woonkennis says the picture for 2013 is for a worsening of the situation, with the possibility of even tougher financial demands in the housing market.