22-03-2022

More social homes on the market

250,000 people live in social housing in Belgium, with over 170,000 additional families on the waiting list.

250,000 people live in social housing in Belgium, with over 170,000 additional families on the waiting list. Shortening this waiting list remains a difficult challenge, where even the government could use some help. The surplus of people on the waiting list can only be alleviated with the help of the private housing industry.

More specifically, two types of private investors can play a significant role in this challenge:

  • Large housing funds such as Vicinity and others in the making.
  • The individual real estate investor who aims to make several houses available to the social housing market.

We came to several observations during our research. These observations are important need to be taken into account to make the right conclusions. The individual real estate investor has a negative perception of buying a social house. However, one of the main reasons why an investor would not invest in real estate is: problems with the renter

This argument is exactly what makes social rental strong! The assurance of the government that will pay the rent. The assurance of all income for 9.18 years. Using ROOV is an additional asset for a property owner. The proactive and strong tenant monitoring should provide additional peace of mind.

The social commitment of a property owner goes beyond only renting out and receiving money. He helps to alleviate problems and is socially relevant. Anyone who rents out social housing should offer their tenants the opportunity to look for a solution together in case of problems.

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