The Affordable Rent Act will make over 60 percent of rental properties in the four large cities unprofitable, according to the landlord organization Stichting Fair Huur. The vast majority of its members are considering selling their rentals in the large cities, the organization told the Telegraaf.
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The number of homes in the private rental sector has increased by around 67,000 in two years to almost 1.2 million. Statistics Netherlands (CBS) and the Land Registry report this based on figures for the period 2021 to 2023. New construction, transformations of existing buildings, and the division of homes contributed to the increase.
The Tweede Kamer, the lower house of the Dutch parliament, will debate Housing Minister Hugo de Jonge’s Affordable Rent Act on Wednesday. It seems likely that the law to regulate some rentals in the private sector will get majority support, after the PVV - the largest party in parliament - said it tended toward supporting the bill in a debate on Monday.
The Affordable Rent Act, with which outgoing Housing Minister Hugo de Jonge plans to regulate mid-market rentals in the private sector, will have adverse side effects for people with low incomes and those starting on the housing market - young people, immigrants, and divorces.