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© 2023 International Monetary Fund
SIP/2023/023
IMF Selected Issues Paper
European Department
Housing Supply in the Netherlands: The Road to More Affordable Living
Prepared by Andre Geis
Authorized for distribution by Bernardin Akitoby
February 2023
IMF Selected Issues Papers are prepared by IMF staff as background documentation for periodic consultations with member countries. It is based on the information available at the time it was completed on December 16, 2022. This paper is also published separately as IMF Country Report No 23/034.
ABSTRACT: With the supply of residential dwellings in the Netherlands having failed to live up to demand over the last decade, apprehension among the population about the availability of affordable housing has risen. Particularly spatial, regulatory, planning, environmental and supply chain constraints have kept a lid on construction. Recognizing the socio-economic challenges posed by inadequate housing supply, the government has embarked on an ambitious agenda with promising steps to boost the availability of affordable properties. To strengthen the traction of housing policies to reach its intended goals, a larger role for economic incentives and private sector involvement should be evaluated.
RECOMMENDED CITATION: Geis, Andre. Housing Supply in the Netherlands: The Road to More Affordable Living. IMF Selected Issues Paper (SIP/2023/023). Washington, D.C.: International Monetary Fund.
| JEL Classification Numbers: G21, G28, G51, H21, H24, H25, H42, H54, R21, R31, R38, R52 |
| Keywords: residential real state; housing market distortions; housing supply; housing policies; social housing; rent control; housing taxation; housign subsidies; macroprudential policies |
| Author’s E-Mail Address: AGeis@imf.org |
| JEL Classification Numbers: G21, G28, G51, H21, H24, H25, H42, H54, R21, R31, R38, R52 |
| Keywords: residential real state; housing market distortions; housing supply; housing policies; social housing; rent control; housing taxation; housign subsidies; macroprudential policies |
| Author’s E-Mail Address: AGeis@imf.org |
Title page
SELECTED ISSUES PAPERS
Housing Supply in the Netherlands: The Road to More Affordable Living
NETHERLANDS
Title page
KINGDOM OF THE NETHELANDS-THE NETHERLANDS
SELECTED ISSUES
February 8, 2023
Approved By
European Department
Prepared By Andre Geis
Contents
HOUSING SUPPLY IN THE NETHERLANDS: THE ROAD TO MORE AFFORDABLE LIVING
A. Introduction
B. Existing Government Housing Policies and Socio-Economic Implications
C. Challenges to Revive a Flagging Housing Supply
D. The Way Forward: Government Proposals and Policy Recommendations
E. Conclusions
FIGURES
1. Demographic Trends and Housing Valuations
2. Tenant Structure and Housing Affordability
3. Housing Cost Burdens and Distributional Equity Implications
4. Housing Investment
5. Population Density and Construction Costs
References