Thursday 13 May 2021

Low housing stock a threat to estate agents, bankruptcies loom

A flat for sale.

Estate agents in Amsterdam and Utrecht are facing problems due to the low level of housing stock, Dutch estate agents association NVM Ger Jaarsma told the Telegraaf on Thursday.

Jaarsma said the housing stock in both cities is so low that estate agents are making fewer sales and therefore do not have the necessary cash flow to survive. He expects the first bankruptcies this year.

The NVM chairman said it is necessary to keep building new housing. This is being done in Amsterdam but not in Utrecht, he said, adding there is a shortage of housing stock in Eindhoven and Groningen as well.

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.