Some 120,000 home owners in Groningen province are entitled to financial compensation because the value of their property has gone down due to the earthquakes, the institute set up to assess the damage says.
The Instituut Mijnbouwschade Groningen will start formalising payments step by step from September 1, and home owners in Loppersum and Appingedam will be among the first to benefit.
In Loppersum, for example, property values have gone down by almost one fifth because of the quakes, the IMG said.
The new system replaces the previous one which was administered by gas extraction company NAM and only entitled home owners to money at the point at which they sold their home.
The damage is caused by the land settling after gas has been removed from massive fields under the province.The government is currently reducing the amount of gas which can be extracted because of the problems.
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.