Thursday 02 February 2023

The Hague to give €5,000 to tenants who buy their own home

Some people living in rent-controlled homes in The Hague will soon be eligible for a €5,000 bonus if they buy their own home, under city council plans launched on Wednesday.

Buyers will also get a four-month interest payment holiday and a €10,000 grant to buy a newly-built property, the Financieele Dagblad says.
However, there are conditions, the paper says. For example, only households earning more than €43,000 qualify and the home they leave behind must have at least five rooms.
The paper says the council has set aside €3m to help social housing tenants get a foot on the property ladder. It hopes the scheme will encourage more people to buy a house, freeing up much-need rent-controlled properties for new families.
Meanwhile, BNR radio reports a sharp increase in the number of people being forced to sell their homes because they can no longer afford to meet the payment terms.
In 2011, there were 2,811 forced sales, compared with 2,086 in 2010.

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