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Number of Permits for New Homes Hits Lowest Point Since 2016

15 Feb 2024 at 00:01

The number of permits for new homes fell last year to the lowest point since 2016. Permits have been granted for only 55,000 homes. That is 15 percent less than a year earlier.

This is the second year in a row that there has been a decline, according to figures from statistics agency CBS.

The number of permits granted is an indication of how many homes will be built in the coming years. The average time between the permit and the time of delivery of a house is about two years.

The government wants to build 100,000 houses every year until 2030. With 55,000 permits it will be difficult to achieve that goal. Although houses can also be realized through transformations, such as converting offices, this often only results in around ten thousand homes per year.

Previous CBS figures also made it clear that the target of 100,000 new homes per year is not being achieved. The statistics agency recently reported that 73,000 new houses were completed last year.

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For the first time, more rent than purchase

Of the 55,000 permits granted last year, 28,400 were for rental properties. The rest are for owner-occupied homes. For the first time since Statistics Netherlands started measuring in 2012, more permits have been granted for rental properties than for owner-occupied houses. For a long time, two-thirds was intended for owner-occupied homes.

Most permits were issued in South Holland: eleven thousand. This means that one in five permits has been granted in that province. It is no coincidence that South Holland is also the province with the most inhabitants. With only 688, the smallest number of permits have been granted in Zeeland.

Beeld: Getty Images

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Housing marketEconomy
2024-02-14 23:01:52


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