Rents in the Netherlands free sector continue to rise, especially outside the four large cities. The average rental price in the Netherlands increased by nearly 6 percent compared to a year ago, according to figures rental housing site Pararius released on Tuesday, NOS reports.
The rapid rent increases in the free sector seems to be slowing down in most of the big cities in the Netherlands, according to figures from rental site Pararius for the second quarter. Only Utrecht is still seeing large rent increases. Outside the Randstad, however, rental prices are skyrocketing, NOS reports.
Outside the Randstad areas, rental prices increased on average by 10 percent in the second quarter. The average increase in the Randstad was 4.7 percent. Flevoland and Groningen even saw increases of 23 and 17 percent respectively.
It seems that rent prices in Amsterdam's private sector are finally stabilizing. Last quarter the rent price for a private sector home in the city was below 22 euros per square meter, lower than the two previous quarters, according to rental site Pararius.nl. "On balance, the rent on private housing was stable for three quarters", director Jasper de Groot said
Rent prices for homes in the private sector are rapidly on the rise, especially in Amsterdam, according to figures from rental site Pararius. Pararius director Jasper de Groot attributes it to an "unhealthy market" with a vast shortage in private sector rental homes. "If you look at the housing supply, then only about 5 percent of the homes are rental homes in the private sector. That is way too little", he said.
The four major cities saw a sharp rent increase for homes in the non-controlled sector in the second quarter. The average rent for a home in the private sector increased the most in Rotterdam with 9.4 percent, followed by Utrecht with 7.3 percent, Amsterdam with 7.1 percent and The Hague with 6..8 percent. Nationally the price increased by 2.3 percent in the second quarter, compared to the same quarter last year.
Rental homes have never been more expensive in Amsterdam, according to online housing market Pararius. Prices have gone up with 5.6 percent in the second quarter of this year compared to last year, the NOS reports.
Within the first quarter of this year, 24 percent fewer homes have been put up for rent compared to the same period last year.