Outlook

The expansion of the WWS points system will have a marked effect on the Dutch housing market.

The extent of this effect will depend on the rental limit chosen (€1000 or €1250) and on any supplementary measures adopted in the new regulations. Mid-sector rents will fall, and this will have the most noticeable effects in urban regions. A logical consequence of the expansion of the WWS points system is that demand for housing in urban areas will inevitably grow.

This measure will therefore not solve the problem of rental housing affordability, but merely replace one problem with another. Instead of the problem being one of lower-quality houses with high rental prices, a new problem will arise: having to wait even longer for suitable social housing, and perhaps never getting to the front of the queue at all.

Heating or Eating

Housing affordability is under new pressure from energy costs.

A threat to the affordability of rental housing that has no connection with the new regulations surrounding WWS points is the steep rise in current energy prices. These rising costs, especially with a view to the coming winter and geopolitical insecurities, are having an ever-growing influence on renters’ total monthly costs. Renters would rather, therefore, that their houses had a good energy efficiency label. These are not always available. In the UK people are already speaking of ‘heating or eating’.

Sources ABF Research; Rijksoverheid Statistics Netherlands; Savills Data, Intelligence & Strategy

Savills World Research We provide bespoke services for landowners, developers, occupiers and investors across the lifecycle of residential, commercial or mixed-use projects. We add value by providing our clients with research-backed advice and consultancy through our market-leading global research team

Bas Wilberts

Director Investment

+31 20 301 2000

b.wilberts@savills.nl

Ronald Koemans

Director Investment

+31 20 301 2000

ronald.koemans@savills.nl

Martijn Onderstal

Director Valuation

+31 20 237 9955

martijn.onderstal@savills.nl

Raymond Frederiks

Consultant Reseach & Consultancy

+31 20 237 9906

Raymond.frederiks@savills.nl

Savills plc: Savills plc is a global real estate services provider listed on the London Stock Exchange. We have an international network of more than 600 offices and associates throughout the Americas, the UK, continental Europe, Asia Pacific, Africa and the Middle East, offering a broad range of specialist advisory, management and transactional services to clients all over the world. This report is for general informative purposes only. It may not be published, reproduced or quoted in part or in whole, nor may it be used as a basis for any contract, prospectus, agreement or other document without prior consent. While every effort has been made to ensure its accuracy, Savills accepts no liability whatsoever for any direct or consequential loss arising from its use. The content is strictly copyright and reproduction of the whole or part of it in any form is prohibited without written permission from Savills Research.

Alle inhoud © copyright 2021 Savills. Alle rechten zijn voorbehouden. Savills Nederland Holding B.V., opgericht en geregistreerd in Nederland. Gevestigd: Claude Debussylaan 48, 1082MD Amsterdam. KvK nummer: 33202244.