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60,000 homes close to a highway are being built

The Netherlands is transforming office buildings into residential

Jun 13, 2024 15:07 583

60,000 homes close to a highway are being built  - 1

On the outskirts of major Dutch cities, near highways, office buildings that remained empty after the pandemic and companies decided not to return a significant part of their employees to it will be converted into residential. The reason is the strong demand for housing, analysts say. There are currently 18 districts that have plenty of office buildings that can be converted to residential.

At the same time, the country's government has estimated that the market needs 980,000 new housing units by 2030 and at least another 1 million homes in the years after that date. However, this is very difficult to achieve, experts comment, and part of the solution is precisely the reshaping of other types of buildings into residential ones, no matter how expensive this pleasure is.

Houses are popular in the Netherlands. Here, however, investors face another problem – the finding of suitable plots, the preparation and the actual construction of this type of property. No less a problem is the overloaded electricity grid.

Currently, nearly 3.8 million square meters of office space can be converted into 60,000 residential units. “Although residential construction near the motorway is not popular, there are times when The Moor on the A9, near Amtelveen, shows that it is possible," says the housing expert This is the website of Sollier's Madeline Byic.

"The housing of these destinations has the advantage that most of the infrastructure and communal facilities are already available", says the expert.

In the northern part of the Netherlands there are many office buildings that are suitable for residential conversion. Nearly 25,000 apartments can actually be created, which would significantly reduce the deficit of 77,500 homes in this part of the Scandinavian country.

You can see detailed statistics on average property prices in Bulgaria by cities and neighborhoods HERE