Sunday 19 January 2020

Woman steals millions from housing corp

A senior financial manager at a housing corporation in Amsterdam has been caught stealing millions of euros from her employer, the Telegraaf reported on Wednesday. The woman, who worked for one of the capital’s biggest social housing landlords Stadgenoot, had for years transferred monthly sums of between €10,000 and €20,000 to her underage daughter’s bank account. This was then spent on expensive holidays and gambling, the paper said. She was caught out by ING staff who had become suspicious of... More >

Amsterdam house prices average €500,000

The average price of a home in Amsterdam topped €500,000 for the first time in the third quarter of last year, according to figures from national statistics agency CBS quoted by the Parool. While the average price paid to buy a home hit €314,000 nationwide, in the capital the figure reached €507,475, a rise of €35,000 on the second quarter. ‘Prices had stagnated as people started buying properties outside the city centre, but that may now have changed,’ a spokesman... More >

Amsterdam delays flat share changes

Amsterdam city council has given landlords until April 1 to apply for licences to rent properties to groups of young adults. Two of the ruling parties – D66 and GroenLinks – proposed the extension after housing corporations, landlords and student organisations warned that the new rules will be disastrous for flat-sharing. The rest of the new rules, such as quotas for bed and breakfast accommodation, will come into effect on January 1 as planned. From April 1, landlords will have... More >

Trouble ahead for interest-only mortgages

Between 5% and 10% of pensioner households with an interest-only mortgage are likely to run into problems when it comes to paying back the actual loan, according to research published on Monday by pension think-tank Netspar. That means up to 46,000 households may not have enough money to pay back the capital because they have not saved up enough cash or begun paying it off over the 30 year duration of the mortgage. And new rules for extending mortgages will... More >

Amsterdam won't delay flat share rules

Amsterdam city council is to press ahead with plans to implement quotas and other new rules for flat-sharing and Bed & Breakfasts, despite mounting pressure for a delay. Housing alderman Laurens Ivens told councillors on Wednesday that the new rules will better protect students. ‘We need to have the guts to say “we won’t accept this any longer”,’ he said. ‘We cannot leave youngsters to their lot and make them dependent on what landlords want.’ The rules require landlords to... More >

'New Airbnb rules are half measures'

The government’s new measures to try to tackle the spread of holiday rentals via platforms such as Airbnb do not go far enough, according to Amsterdam’s housing chief Laurens Ivens. Acting home affairs minister Stientje van Veldhoven said on Monday that cities will be able to require home owners who rent out their properties to register with their local authority but that websites like Airbnb cannot be forced to hand over information to councils for checking. This, the minister said,... More >