Rents in Netherlands continue to rise

The price to rent a home in the Netherlands continued to rise in the second half of 2018. The average rent increased by 2.9 percent. The average price per square meter increased by 5.9 percent, according to realtors association NVM and real estate managers association VGM, ANP reports.

The associations partly attribute the sharper increase in average rent per square meter to the fact that more small homes and new homes were let in the second half of 2018. These types of homes have a higher price per square meter. Since 2014 the average rental property has become a lot smaller. The average size decreased from 108 square meters to 98 square meters.

The most expensive province to rent a home in is Noord-Holland, partly due to the tight housing market in the Amsterdam region. Rents are also much higher in Zuid-Holland and Utrecht than in the other provinces. Rental homes in Friesland are the cheapest on average.