In the Telegraph, Ruby Hinchliffe writes,
The city that declared all-out war on landlords – and what happened next
The Dutch have launched wide-ranging crackdowns on the buy-to-let sector, but renters are paying the price
“Landlords have no friends in politics anymore,” Tjeerd Sijtema, one of Rotterdam’s 15,000 civil servants, tells me.
Last year, city officials made Dutch history when they became the Netherlands’ first lawmakers to introduce a ban on landlords buying properties to let.
Red-rimmed signs warding off landlords were erected in 16 of Rotterdam’s 71 neighbourhoods – where around a third of its housing stock resides.
Smug-looking faces shaped like houses stare down at residents who cycle past it in quick succession. Above read the loaded words: “We are working on a healthy housing market here.”
“Working on”, as in “destroying”:
But one glaring consequence of the ban is the downward pressure it is having on rental housing supply, which props up those who cannot immediately afford to buy a house – typically younger residents, migrants and fresh divorcees.
The ban also pushed up rents for tenants in regulated neighbourhoods by around 4pc last year, damaging housing affordability for renters which the Erasmus School of Economics said “undermin[ed] some of the intentions of the law.”
Even students are feeling the negative impacts. In a quaint coffee shop at the heart of leafy Kralingen-Oost, a popular area amongst undergraduates, one student told me it’s much harder to live in larger groups now. “I’m only living with one other person this year,” she told me.
And, naturally,
Meanwhile the waiting list for social housing in Rotterdam – which makes up a staggering 55pc of the city’s overall housing supply – is now five years’ long.