Construction of new homes blossoms

7th December 2005, Comments 0 comments

7 December 2005, AMSTERDAM — After years in the doldrums, the construction industry is expected to build an average of 87,000 new homes every year from 2007 to 2010.

7 December 2005

AMSTERDAM — After years in the doldrums, the construction industry is expected to build an average of 87,000 new homes every year from 2007 to 2010.

It is expected that 71,500 new homes will be delivered this year, 10 percent more than the previous year, Minister Syblilla Dekker announced at a conference in Rotterdam on Wednesday.

Dekker (Housing, Spatial Planning, and the Environment) said the new figures being presented to parliament on Wednesday appeared to indicate the construction of new homes was "over its low point". In 2003, only 60,000 new homes were built.

An average of 87,000 new homes will be delivered every year from 2007 to 2010, according to a prognosis compiled for her ministry. As things look now, Dekker will achieve 98 percent of the house-building targets agreed per city region by 2010.

She said that attractive economic conditions were playing an important role in boosting the construction of new homes. Municipalities will likely issue 83,000 building licences in 2006 and 86,000 in 2008, compared with 76,200 in 2004.

The predicted growth applies to both private homes and rented accommodation.

[Copyright Expatica News + ANP 2005]

Subject: Dutch news

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