Buyer beware: Amsterdam seeks to ban buy-to-let on newbuild homes

London and others will be watching closely as Dutch city tries to tackle housing shortage

Amsterdam has drawn up plans to ban the rental of new-build homes on city land, as part of a spate of policies to combat spiralling house prices, housing shortages and over-saturation of tourism.

The plan from its housing chief states: “Investors are buying Amsterdam homes more and more frequently, intending to rent them out. This means that ‘normal’ house-buyers have less of a chance in the housing market, and Amsterdam is not happy with this.”

Continue reading...

from The Guardian https://ift.tt/2JhWbpO