Business · Economy · 1 day ago

Dutch new-home sales fall for four quarters as housing projects face delays

Dutch new-home sales fall for four quarters as housing projects face delays

The Netherlands aims to build 100,000 homes each year, but sales of newly built homes have fallen for four quarters in a row.

Estate agents and developers say apartments are particularly hard to sell.

As a result, some new housing projects are being delayed.

Buyers are turning away from new homes partly because they are less certain projects will be completed.

Housing experts say the homes being built do not always match what buyers want or can afford.

They also point to affordability pressures, smaller homes or reduced features for the same price, and geopolitical uncertainty.

International investors and housing associations are also facing financial limits, adding to concerns about construction.

The sources say weaker demand could cause homebuilding to fall, but do not specify what happens next.

Sources

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