No transfer load starters: sympathetic, but with considerable side effects

At the moment the transfer tax is 2 percent. For people aged 18 to 35 who are buying a house for the first time and are going to live in it themselves, it goes down to 0 percent. For private individuals who buy a house but are not going to live in it themselves – so also for example parents who buy a house for their child – the real estate transfer tax rises to 8 percent. Is that the right lubricant to get the housing market going again?

Too few new houses

Association Eigen Huis (VEH) doesn’t think so. Chairman Hans Andrรฉ de la Porte: “It is a sympathetic idea, but Vereniging Eigen Huis does have reservations about it. The big problem of starters is the great shortage of affordable housing.”

Although the abolition could save Femke and Bram around 8000 euros, they are also not convinced that this would allow them to buy a house sooner:

Project developers build mainly for the more expensive segment in the market. Boelhouwer: “The price of an average new-build house is now a ton above the price of an average existing house” In order to strengthen the position of starters, this needs to be addressed, says Boelhouwer: “For example, by building more specifically for starters and allocating homes to them via procedures

Look at this video in which Nieuwsuur investigates creative initiatives to stimulate the flow on the housing market:



Peter Boelhouwer is also afraid of an increase in the prices of owner-occupied houses: “There will probably be a leakage effect”, By lowering the transfer tax, a house actually becomes cheaper, so more starters can afford a house. As a result, demand will rise and in the not too long term house prices will follow.

What’s a starter?

Boelhouwer also has his doubts about the feasibility of the plan: “The Tax and Customs Administration will soon have to check who exactly is a starter. But how do you determine that? Does a couple of whom one person has bought a house before also belong to the starters, for example?

Laurens of the North: “It seems that the cabinet wants to recoup the income that it loses by abolishing the transfer tax for starters by taxing investors extra. In this way, two groups are being played off against each other, who only compete with each other to a very limited extent on the housing market.”