Saturday 24 October 2020

That sinking feeling: houses rated on state of foundations, but status unclear

That sinking feeling: houses rated on state of foundations, but status unclear

A private foundation has published plans to grade every home in the Netherlands based on the state of its foundations to alert owners to potential subsidence. The expertise centre on foundations KCAF says it is introducing the labelling system in response to a growing number of incidents where buildings have sunk or collapsed as a result of long-term drought and low groundwater levels. KCAF chairman Dick de Jong said around one million of the 7.7 million houses in the Netherlands... More >

Gas free project runs out of steam

A flagship project to make hundreds of homes gas free has floundered, putting the timeline towards energy transition agreed in the Dutch climate accord in doubt, the NRC reports. The Dutch government has pledged to ensure all homes in the country are gas free in 2050, aiming for 2,000 in the first two years and building up to 1.5 million homes by 2030. The Purmerend area of Overwhere-Zuid was chosen as the first of 27 testing grounds for the conversion... More >

House prices rose 11% in third quarter

House prices in the Netherlands continue to rise, reaching an average of €354,000 in the third quarter of the year, compared with the same period in 2019, according to new figures from real estate agent association NVM. In total, nearly 41,600 homes were sold by NVM members between July and September – the best result in the organisation’s history. The NVM represents around 65% of the market.  As in the second quarter, there was no sign of a ‘coronavirus dip’,... More >

Property boost household assets

Property continues to boost the average assets held by Dutch households, which reached a median of €49,800 by the beginning of last year, according to new figures from national statistics agency CBS. Median means that half of all households had assets below this figure and half had more. The rise is €12,000 over the year, the CBS said, and takes average assets to above the level in 2008 at the start of the previous financial crisis. Excluding property, average assets... More >

Mortgage requests continue to rise

Mortgage providers received 118,000 applications for help with buying or refinancing a house in the third quarter of the year, a rise of 15% on the same period last year, according to research by Hypotheken Data Network. Buyers accounted for almost two thirds of the applications, a rise of 9.4%, but this was well down on the 20% and 14% rises in new mortgage requests in the first and second quarters. The rest of the applications were for switching or... More >