Dutch building permits fall to all-time low

Last year, 56 thousand building permits were issued for new residential units in the Netherlands, i.e. 9 percent fewer than in 2010 and the lowest number since 1953. The number of newly finished dwelling units increased by 3 percent according to the latest figures released by Statistics Netherlands.

The number of building permits issued in the first six months of 2011 grew by 6 percent relative to the same period one year previously. In the latter half of last year the situation deteriorated. The number of building permits issued during that period slumped by 19 percent. The number of building permits issued for owner and tenant-occupied houses declined.

Nearly 58 thousand new houses were finished in 2011, a growth by 3 percent. The number of owner as well as tenant-occupied dwelling units finished in 2011 increased modestly.

The government, housing corporations and private initiatives accounted for the increase in new owner-occupied residential units finished last year. The number of residential units built by commercial builders, like project developers, was approximately the same as in 2010.

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