Finally, a win for first-time home buyers; the Netherlands may soon offer a subsidy of up to €75,000 to help middle-income earners. The subsidy, referred to as the National Fund for Affordable Homes, will offer huge discounts on new homes to people earning between €40,000 to €65,000 a year, reports AD.nl.
Simple economics – this leads to increased demand. The market clearing price will rise to higher levels due to the increased demand.
The Netherlands has a significant shortage of housing relative to demand, which makes even finding a home challenging, let alone, paying for it.