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Amsterdam allows rent hike in mid-priced segment to stimulate housing construction

Summary by NL Times
The city council of Amsterdam is allowing the rent of medium-priced rental properties to increase in order to restart the construction of those types of homes. The office of mayor and aldermen announced on Wednesday that it agreed to make use of the temporary 10 percent surcharge for newly built homes in the Affordable Rent Act. “This is desperately needed because the construction of these homes is lagging behind, and the demand is very high,” t…
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