%T Encouraging Building Initiatives in Inner-City Development: Perceptions of Public Authorities and Developers in the Dutch Real Estate Market
%A Diego van Kampen
%D 2023
%X Although the Netherlands is experiencing a severe housing crisis, there is a stall in housing development, attributed to a “rationale bubble” wherein landowners and property developers are incentivized to withhold land from the market. Option theory explains that retaining land for future development holds more advantages than developing now. The complexities of the land market, including spatial planning, regulations, and municipal land policies, further exacerbate the housing production shortfall. 

This thesis addresses solutions to stimulate housing construction by examining the perceptions of public authorities and developers. To provide an answer to this research question, a contextual framework is established through a literature review. Dutch spatial planning and municipal land policy are investigated, together with an analysis of the evolution of land policy in the Netherlands. Semi-structured interviews are conducted to gain insights into initiatives that can foster development. 

The findings highlight the shift from a development-led to a plan-led system with more government intervention and a resurgence of active land policy. Two initiatives, the 30-40-30 rule and the use of option contracts, can foster housing developments. This thesis offers insights into potential strategies for accelerating housing production and bridges the gap between authorities and developers.
%L theses_frw4249