Corona crisis dampens rent increase: ceiling in sight Money

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This is evident from figures from the NVM estate agency and the property management Netherlands (VGM NL).

The average rent for a square meter house is now € 9.62 (+ 1.4%) and for an apartment € 13.88 (+ 2.5%). There were 8,800 transactions in the free rental sector between March and June. That is the highest number since the start of the measurements in 2014 and 13.5% more than in the same quarter last year.

Fewer expats

The reasons for this are that more new-build complexes are being delivered, rental properties that were previously on Airbnb are being offered and there is less demand from expats and international students, according to the real estate agents and real estate managers. For this reason, the average rent for upholstered and furnished homes has even fallen in the past quarter.

For these reasons, rents are no longer rising in the major cities. “An average rented apartment in Amsterdam still has a price of just over € 1500. However, a rental ceiling seems to have been reached here, ”says NVM chairman Onno Hoes.

Rental price

An average rental house in the private sector costs € 1109 per month, or € 12.41 per square meter. In Amsterdam, rental homes are by far the most expensive at € 20.61 per square meter. Utrecht is in second place with a distance of € 13.87, followed closely by The Hague (€ 13.29) and Rotterdam (€ 13.22).

“The square meter price is rising slightly faster than the normal rental price. This indicates that on average smaller homes are rented out, ”says Eric Verwey of VGM NL.

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