Advice: abolish mortgage interest relief

17th October 2007, Comments 0 comments

17 October 2007, THE HAGUE – Mortgage interest relief should be phased out gradually, according to VROM-raad (VROM-council), the Netherlands Council of Housing, Spatial Planning and the Environment that advises the government. The mortgage interest relief was not an issue during the negotiations on the coalition agreement but in Het Financieele Dagblad chairman Henry Meijdam of the VROM-council said on Wednesday that a social drama is unfolding. "We are not being rebellious, we are concerned about the grav

17 October 2007


THE HAGUE – Mortgage interest relief should be phased out gradually, according to VROM-raad (VROM-council), the Netherlands Council of Housing, Spatial Planning and the Environment that advises the government. The mortgage interest relief was not an issue during the negotiations on the coalition agreement but in Het Financieele Dagblad chairman Henry Meijdam of the VROM-council said on Wednesday that a social drama is unfolding. "We are not being rebellious, we are concerned about the gravity of the problems."

According to the council the housing market is no longer functioning properly. The construction of new dwellings is stagnating, there are not enough houses and more than 1 million houses will be needed in the coming 25 years, the council argues. The recommendations also include other measures. The imputed rental income should be scrapped and the rental market should be further deregulated.

"This report is not to pick and choose from. One should look at the entire picture," Meijdam said. The report is to be presented today.

[Copyright Expatica News +ANP 2007]
Subject: Dutch news

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