The four largest cities in the Netherlands, Amsterdam, Rotterdam, Utrecht and The Hague have joined forces with domestic real estate investors and developers under the banner of Holland Metropole to launch a drive to build one million new residential properties by 2030.
The four cites combined, locally known as the Randstad, include approximately eight million inhabitants and have the fourth highest GDP in Europe, following London, Paris and Milan. The densly populated area currently faces a housing shortage, which the initiative aims to address.
The project Holland Metropole, which aims to offer climate neutral housing, will be supported by the government through infrastructure investments, Holland Metropole will provide an initial template to national authorities in 2018.
Desiree Uitzetter, head of Area Development at Dutch residential developer BPD, comments: “At current rates of market supply and demand, land with development planning permission in the Netherlands will be completely sold out in the next few years. One million new homes by 2030 means 80,000 have to be constructed per year, but we’re currently only building around 50,000. It is crucial, therefore, to work with the municipalities and national government to speed up procedures and release more land, notably within the Holland Metropole region, as a matter of urgency.”
Eric van der Burg, Alderman in charge of Urban Development for the City of Amsterdam, adds: “In the past it used to be every man for himself, but now we are looking at how we can spread the burden of housing development between all the stakeholders in Holland Metropole.”