Report
Xior NL spring budget to limit social housing indexation
proposition is to freeze the indexation for social rents for 2025 and 2026. The government plans to eliminate the rent increase for social housing in 2025 and 2026, setting the maximum rent increase to 0%. A compensation scheme is outlined to address the loss of rental income due to the rent freeze, with EUR 270m reserved in 2026 and 405m in both 2027 and 2028. The compensation applies to the entire social housing segment to avoid conflicts with European State Aid rules. As Xior NL is about 50% exposed to the social housing segment, this news could have a negative impact. However, thanks to the high churn of 30%, new contracts will allow for higher rents. We also believe that this will further limit the new supply in an already stretched market. This in turn will support ERV for the extensive NL landbank of Xior that also caters to affordable living in NL.
Underlying
Xior Student Housing N.V.
Xior Student Housing NV is a Belgium-based company active in the field of residential Real Estate. The Company's offer is mainly for students and it includes several types of rooms for rent, including a student house in Leiden.
Provider
KBC Securities
We are a financial services provider for several types of professional clients, each with distinct needs.
Wim Lewi
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