Erik Leijten, The Housing Market in Noord-Brabant

The Housing Market in Noord-Brabant Brabantstadstudie 2019 ERIK LEIJTEN, JUNE 20 TH, 2019

Households 2035 growth compared to 2018 - Reference estimate Primos 2017 (ABF Research) - Housingmarket regions (ABF 2015)

Growing households over the next few decades Regional differences 1 million -

60% by 2025 75% net / 25% replacement

Housing market hot spots: de ‘Hittekaart 2019’

More houses under construction Construction time is increasing

Over heating also noticeable in new-build private housing market: 7% decrease in sales and 2% decrease in completion 2018 compared to 2017

Stagnant housing market 2018 compared to 2017 2.5% fewer building permits Q1 2019: 27% fewer building permits (Cobouw based on CBS) Topic: reduction in production by Government and housing corporations

Recent news: realization and hard plan capacity compared to ambition • • • • •

Utrecht Noord Holland Zuid Holland Noord Brabant

Nederland

69% 88% 64% 97%

88%

• • • • •

Utrecht Noord Holland Zuid Holland Noord Brabant

Nederland

59% 82% 58% 68%

69%

Trends & Developments: 1. Housing demand: - Urban regions - Single family houses - Urban and green living environments 2. Quality requirements: - Affordability - Energy supply - Green and water - Health - Sustainable mobility 3. Mixing: - Public facilities - Manufacturing industry - Living and work environments

Trends & Developments: 4. Suitable places: - Demand for diversity of living environments; from intensive urban to relaxed countryside - Blue-green quality - Biodiversity - Start on time!

5. Infrastructure and mobility: - Tighter link - New sustainable mobility solutions

Number of transactions down and prices up by 9% for the entire NL

City Transactions Prices

Private houses Growth households Ranking

Netherlands, total

SGE, total 6.710 â‚Ź312.500

-8% +9%

128.100 +17.000* 53e -2pl

219.000 â‚Ź287.000

-9% +9%

4.387.000 +503.000

* The Province of Noord-Brabant assumes a housing requirement of more than 21,000 for the SGE in the period 2018-2027.

Price level houses BrabantStad Price level single houses

Price level multi-family houses

Necessary increase in number of houses in mid-range

Number of houses

cheap

expensive

medium

Income groups Middle income = 1 – 1.5 times model (€ 3,000 - € 4,500 gross per month) Mid-range rental houses with prices between € 720 - € 1,100 per month Shortage of affordable rental houses

Topics & urgent

Our history

Acquisition of Bouwfonds MAB Development and Bouwfonds REIM

by Rabobank Group

Expansion: - Housing development - Mortgages - Asset management - Fund management - Real estate funding Establishment NV g Bouwspaarkas Drentsche Gemeenten

- Corporations rental housing - Automation - Stater

Start activities in Duitsland

Bouwkas becomes Bouwfonds Nederlandse Gemeenten

1946

1956

Focus on core countries: The Netherlands, Germany and France

Start EU expansion

Termination N.V. Bouwfonds Nederlandse Gemeenten

Acquisition by ABN-AMRO

1993

BPD establishes its head office and regional office N-W in the former Burgerweeshuis in Amsterdam.

French subsidiary BPD Marignan is sold on 15 November. .

- Real estate funding to SNS - Mortgages to ABN-AMRO - Stater sold

2000

2001

2005

1ste home sold online

Bouwfonds changes its name to BPD

2006

2010

2015

Per July 1st part of Rabobank

2016

2017

2018

BPD today

VISION • Everyone must be able to find a suitable home within their budget.

• Actively contributing to make housing market accessible to all sections of the population.

• This requires (sustainable) new housing building; this is an integral task that requires our leadership.

urbanisation

social sustainability

technology

EXTERNAL DRIVERS

INTERNAL DRIVERS BPD director of area development

affordability and accessibility of housing

learning organisation

15

Solutions affordability

Five solutions for affordable living: More locations available Smart urbanisation Making housing affordable New and smarter products Build cheaper

Family homes in the city centre: the Maasbode as an example

Large target group unrecognised

An incremental increase in the number of rental homes for the mid-range* needed *In the mid-market segment, we refer to the 3.7 million middle-income households in the Netherlands.

(1 to 2 times model). This is currently almost half of Dutch households (43%).

We also refer to houses with a medium level rent (rents between â‚Ź 750 and â‚Ź 1,000 per month).

Larger and healthier mid-market segment in the Dutch rental market needed to facilitate progression in the housing market.

Affordable rental homes for middle-income households are scarce.

Launch BPD Residential Core Fund

under construction:

We do our fieldwork!

Housing research Brabantstadstudie 2019

BPD started together with the five local Rabobanks a large-scale study in Brabant: the 'Brabantstadstudie'.

A wide-ranging housing market study, consisting of: Desk research Stakeholder interviews (broadbased) Online consumer survey Focus groups with residents (discussion of unexpected subjects/matters/topics: healthy and sustainable living, families in the city, affordability) Expert meeting: Lochal Tilburg with all interested partners in the 5 cities: actively working together Initiative plans With this 'Brabantstadstudie', BPD wants maintain dialogue with potential partners in the (urban) housing market in Brabant, to enter into new collaborations and to make solution directions feasible from there.

Brabantstadstudie 2018-2019 ‌ we do our fieldwork : with local experts et al.

Affordability

Sustainability

“CREATING A LEARNING LANDSCAPE IN MOBILITY”

Living environments: specific groups, specific locations

Family homes in the city “THIRD PLACES” FOR (SOCIAL) INTERACTION

Family homes Approximately 11% of Brabant families in the 5 cities and surrounding regions are interested.

That's over 30,000 households!

City centre is the most popular living environment for a family home Breda residents show most interest; those in Den Bosch show the least Sufficient rooms, peace, quiet and facilities nearby are the most important requirements.

Fieldwork: implementation in Tilburg city-centre location complex location existing building BPD no position municipality positive on subject design research LOLA landscape + storimans wijffels "green city-centre- living for families" The results to be presented shortly.

Keep an eye on the website WaginsART MĂźnchen www.brabantstadstudie.nl!

What next ?

Do we know what to do? Yes...

Can we do this alone? No! Will you join us?

Continuously stay in touch , and above all learn with and from each other!

Will we be in touch soon?

Visit our website:

www.brabantstadstudie.nl

Thanks for your attention!

Erik Leijten e.leijten@bpd.nl