Housing Corporations Ramp Up New Home Construction in 2024
In a significant boost to the housing market, Dutch housing corporations have completed 8,200 new homes in the first half of 2024.This marks a notable increase from the 6,300 homes completed during the same period in 20231 . The surge in new constructions is a positive step towards addressing the housing shortage in the Netherlands.
Why This Matters:
The rise in new home completions is crucial for meeting the growing demand for affordable housing. With continued support and investment, housing corporations can play a pivotal role in ensuring that more Dutch residents have access to quality homes.
Key Highlights:
- Increased Completions: The number of new homes built by housing corporations rose by nearly 30% compared to last year1.
- Government Support: The Dutch government has been urged to invest between €3 billion and €5 billion annually to further stimulate housing development2.
- Market Impact: The increase in new homes is expected to alleviate some pressure on the rental market, which has seen significant demand3.
