Monday 10 August 2020

Coronavirus is having an impact on property rents, new figures show

Coronavirus is having an impact on property rents, new figures show

There is increasing evidence that the coronavirus crisis is having an impact on rental property prices, although rents in the four big Dutch cities show a mixed picture. Research by property management organisation VGM suggests rents rose by an average of 1.4% per m2 in the second quarter of the year, compared with the year-earlier period. At the same time, there was a 13.5% rise in the number of new contracts being agreed in Q2. ‘This rise in the number... More >

Amsterdam warns about tourist rentals

Amsterdam has issued three warnings to people who rented out property in the city centre via agencies like Airbnb after the ban was introduced on July 1, the Parool reported on Tuesday. The warnings remind landlords they each face fines of up to €50,000 if they do press ahead with renting out property to tourists. Officials say many landlords have removed their adverts from online agencies but say some property was only delisted temporarily, hence the warnings. The ban covers... More >

House prices up 8.8% despite coronavirus

The Dutch housing market shows no apparent effects from the coronavirus crisis, with prices up 8.8% on last year in the second quarter of 2020. The NVM estate agents’ association said that the most recent average house price was €335,000, adding that more than half of houses have sold for more than the asking price. However, 4% fewer houses changed hands in the second quarter of the year than in the same period in 2019. During this period – which... More >

Arnhem rejects seasonal worker flat-shares

Arnhem city council is working on plans to stop groups of seasonal workers sharing a house by revising its rules on sub-dividing homes. The council plans to introduce a licence system for flat or house-sharers, and these will not be granted if the property is to be lived in by ‘temporary workers’, the draft new rules show. The plan targets seasonal workers who often live in overcrowded conditions and in properties provided by their staffing agency or employer. ‘Accommodation in... More >

Dutch house prices are up again in May

House prices rose by an average 7.7% in May, although fewer properties changed hands year on year, according to new figures from national statistics agency CBS and the land registry department. House prices have been rising steadily since June 2013 and have now reached their highest ever level, the CBS said. Prices are now up an average of 48% compared with the low of seven years ago in the wake of the financial crisis. Land registry figures show some 18,300... More >

Housing alliance calls on ministers to act

An alliance of 17 organisations and companies, ranging from the construction sector organisation Bouwend Nederland to the tenants’ lobby group Woonbond, have joined forces to call on the government to take emergency action to boost the supply of housing. They want the government to invest billions of euros in helping buy up large tracts of land which can be developed quickly into areas for residential construction to head off a major shortage of new homes and to give investors more... More >

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