Netherlands to Cap Rents of Thousands of Homes at $1,172
- Over 300,000 homes will have their rent reduced by around €190
- Landlords who charge too high rents will soon risk fines
Residential buildings in Amsterdam.
Photographer: Peter Boer/BloombergThis article is for subscribers only.
The Dutch government is set to impose rents caps on more than 300,000 homes to provide more affordable housing for middle-income tenants amid a crippling shortage.
Under the plan, the rental price of those homes will be cut on average by €190 ($202) a month when the new measures come into force in January 2024.