New rules for expensive homes sell-off for housing corporations

The housing ministry has drawn up proposals to make it easier for housing corporations to sell rental homes to institutional investors like pension funds, the Financieele Dagblad reports on Monday.

The new rules stem from the housing agreement signed between the government and three opposition parties in February and affect housing with a rent of over €681 a month.

If the changes win parliamentary approval, it will be easier for housing corporations to sell entire complexes and boost their financial reserves, the paper says.

The government wants housing corporations to again focus on rent-controlled housing and leave more expensive property rentals to the private sector.

The Netherlands’ 380 housing corporations own and manage some 2.4 million homes, around one third of the country’s housing stock.

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