After various RTL News broadcasts about speculative land trade, MPs want tomorrow during a roundtable discussion receive information from all agencies and parties involved in land trading. The Association of Notaries (KNB), among others, is joining and warns that buyers usually feel misled after an investment in agricultural land.
Kadaster will propose to parliamentarians to introduce a permit requirement for land trade.
duped
In speculative land trading, traders cut up meadows into small plots that are sold to private individuals as an investment. They buy a piece of land in the hope that homes can be built here later, so that the land can be resold at a large profit. But in practice this hardly ever happens and the buyers are left with plots of agricultural land that they have bought for far too much money.
Many people feel duped by land trading, yet plots of land are still sold to private individuals every week. Danny and Patricia previously told RTL Nieuws how they entered the ship.
According to the Kadaster, about 700 agricultural fields have been bought by land traders in recent years and divided into more than 17,000 pieces.
Slick talk
Professor of Notarial Law Leon Verstappen of the University of Groningen is also being consulted by the House of Representatives. He has nothing good to say about this practice. “Citizens are cheated on a large scale with slick talk and brochures,” he says to RTL News. “The appearance is created that large profits can be made, while those are actually made by the real estate dealers.”
Also according to the Royal Notarial Association (KNB), private individuals are usually the victims. “In practice, many buyers of these types of plots of land feel misled afterwards if it turns out that construction is not allowed after all. But as long as the buyer cannot prove that the land dealer has provided false information, he usually gets away with this.”
The Kadaster warns of yet another problem. Cutting up a meadow into small pieces, on behalf of a land dealer, causes many new boundaries. According to the Kadaster, it is hardly possible to definitively determine provisional boundaries – registered with the civil-law notary. This is because it is unclear where exactly they walk.
Over time, the land dealers go bankrupt or the buyers die, making it impossible to find out who exactly owns the land. “This makes plots de facto unsaleable,” warns the Land Registry.
More and more problems due to land trade
The solution that the Kadaster wants roughly boils down to qualifying land trade as an investment, as a result of which traders must apply for a license from the Netherlands Authority for the Financial Markets. Notaries can then check whether a specific trader has such a licence. If not, the Kadaster will not carry out the land transaction. The association of notaries also sees something in this. The law must be amended for this.
Recently, Minister Hugo de Jonge (Spatial Planning) also said that the cabinet sees more and more problems arising from land trade. He promised to come up with improvements before the beginning of the summer.
2023-06-13 19:06:06
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