1 / 9

The Dutch private rental sector

The Dutch private rental sector. Some observations Marietta Haffner 2 June 2011 LSE London Workshop The Revival of PR in the UK: Lessons from Abroad. Structure. Development of PRS Tenants Rent control Income taxation Summary of special features. Development of PRS.

nizana
Download Presentation

The Dutch private rental sector

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. The Dutch private rental sector Some observations Marietta Haffner 2 June 2011 LSE London Workshop The Revival of PR in the UK: Lessons from Abroad

  2. Structure Development of PRS Tenants Rent control Income taxation Summary of special features

  3. Development of PRS Source: Haffner et al (2008)

  4. Tenure distribution, 1947-2009

  5. Tenants of PRS • Intermediate sector between SR and OO incomewise, but closer to SR • Rents are higher on average than in social renting (share of housing allowance recipients is lower) • Singles and couples without children are overrepresented in comparison to SR • In institutional renting 65+ tenants are overrepresented • In private person renting >30 years of age are overrepresented • Periods of occupation are relatively long on average (between 11 and 13 years)

  6. Rent control and tenant security are independent of ownership • Regulated • All rents up to 652 Euro per month (2009) • 96% of SR (2008) • 77% of private person landlord • 59% of institutional landlord • Quality points determine maximum rent • Landlords determine level themselves • Many dwellings that could be deregulated have regulated rent • Indefinite rent contracts, minimum contract of 1 year possible for PR • Deregulated or liberalized • 5% of rental sector (2006)

  7. Income taxation of PR dwelling Institutions • Pension funds never pay corporate tax • Otherinstitutionspaycoporate tax(insurance companies, investors, estate agents) justlikehousingassociations do Private persons • Private person landlord running a business • Private person landlord as investors (taxed on imputed return) Compared to other income taxation (investments and wealth) No subsidization, except 1 Limited depreciation

  8. Special features summarized • Country where private rental sector has been squeezed enormously (from 60% to 10% or less); especially private person landlords • Rent controlNotdependent on ownership, but on actual rent level • Incometaxation‘Same’ treatment as otherwealth/investment (withexception of owner-occupation) • Housing allowance Available for private and social renting

  9. Thank you for your attention

More Related