The municipality of Westland is going to help about two hundred starters on the housing market with the purchase of their first home, reports Broadcasting West Monday. A well-filled housing fund – which includes about 20 million euros – should make it easier for novice house seekers to purchase a home.
With the housing fund, the new coalition in Westland is responding to the problems in the housing market. House prices have risen enormously in recent years, with the result that it is becoming increasingly difficult for first-time buyers to purchase a home. On the other hand, this group also earns too much for social housing and therefore falls between two stools.
The Westlands housing fund must give these starters the push to still be able to buy that house. The municipality does this by buying the land on which the house stands. “That is about a third of the asking price of the house. In the case of a house of 300,000 euros, we therefore finance a ton,” said party chairman Remmert Keizer of Westland Municipal Interest to Broadcasting West†
The ton that the municipality therefore spends to help a first-time buyer find a house must therefore be seen as an investment. That money is not free, by the way: interest will have to be paid on it, but how much is not clear. “We are still looking at the exact interpretation. It will probably be a very small interest rate of 1.3 percent,” councilor Andre van den Berg of Westland Municipal Interest told the regional broadcaster.