Cabinet considers reducing housing construction

5th December 2008, Comments 0 comments

New housing projects are being put on hold as sales of houses slow down considerably.

THE HAGUE – The cabinet is considering measures to prevent a reduction in the construction of new homes.

The sale and construction of new homes is stagnating as a result of the financial crisis. Many new housing projects are facing potential delays, because construction does not begin until most of the new homes have been sold.
However, a recent report says the construction of new rental accommodation is below expectation. In order to maintain an adequate level of construction, the cabinet wants housing corporations to temporarily rent out the houses that have not been sold.

The corporations will meet Housing Minister Eberhard van der Laan for talks next week.
[Radio Netherlands / Expatica]

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