Monday 19 April 2021

As housing slump bites, big councils lose millions on land sales

In total, 33 of the Netherlands’ 40 biggest local authority areas have lost at least €1m on land sales, according to research by current affairs show Nieuwsuur.


Eleven councils booked a loss on their land dealing of more than €20m last year.
Worst affected is Apeldoorn, which bought up large pieces of agricultural land which are now unsellable. In 2011, the city council included a loss of €124m on land sales in its official accounts.
Heerenveen (a loss of €79.5m), The Hague (a loss of €64.8m) and Groningen (a loss of €63m) have also been seriously affected.
Councils have been unable to sell land bought for housing or other construction projects because of the housing market slump and large volume of surplus offices.

Thank you for donating to DutchNews.nl

The DutchNews.nl team would like to thank all the generous readers who have made a donation in recent weeks. Your financial support has helped us to expand our coverage of the coronavirus crisis into the evenings and weekends and make sure you are kept up to date with the latest developments.

DutchNews.nl has been free for 14 years, but without the financial backing of our readers, we would not be able to provide you with fair and accurate news and features about all things Dutch. Your contributions make this possible.

If you have not yet made a donation, but would like to, you can do so via Ideal, credit card or Paypal.