To date around 9 thousand Netherlands residents reported to their housing corporations that they cannot afford to pay their rent. The housing corporations expect that number to increase in the coming period, NRC reports after surveying 197 housing corporations, which own about 1.6 million of the 2.4 million rental homes in the Netherlands.
Despite the coronavirus crisis, many tenants in the Netherlands will face rent increases as of July 1. Instead of postponing annual rent increases due to the crisis, many landlords opted for more moderate increases than usual, they said to Financieele Dagblad. But tenants' association Woonbond said it is getting reports of substantial increases.
Around two in every three retailers in the Netherlands have not paid their full rent for April, real estate advisers told BNR Nieuwsradio on Tuesday. This comes as lockdown measures to curb the spread of Covid-19 remain in place, forcing many shops to either shut their doors or severely limit the number of people on the premises, and thus reducing sales for those which remain in business.
Rents in the open market continue to rise, but the increases are slowing down, according to research by rental website Pararius. Amsterdam is still the most expensive city to live in, though rents in the capital increased less than the national average. Bussum saw the biggest rent increase at over 14 percent compared to the previous quarter.
In the last quarter of 2019, rents increased by 4.8 percent to a average price of 16.77 euros per square meter per month, compared to a year earlier. This was the fourth consecutive quarter that the average rent increase was under 5 percent.
The Dutch government is implementing a large number of rules, regulations, and law changes at the stroke of midnight on January 1. Below is a summary of changes made in the category Housing and Living Environment, known to the public at the time of publication:
Dutch between the ages of 20 and 45 who rent a home in the free sector, pay so much on housing costs that they can't afford to build up savings, Rabobank researchers Nic Vrieselaar and Carlijn Prins concluded after surveying over 10 thousand customers that fall in this group, AD reports.
Rent increases are leveling off in the Netherlands, particularly in the large cities, according to the newest rent monitor by housing platform Pararius. Nationwide, the average rent per square meter increased by 3.6 percent in the third quarter, compared to the same quarter last year. Utrecht is the only of the four large cities where rents increased by more than 5 percent. In Rotterdam, rent prices even decreased.
The prices for existing homes in the Netherlands continue to rise. In the third quarter, the average price for an existing home was 7.2 percent higher than the same quarter last year. And after half a year of the housing supply seeming to stabilize, the number of homes available for sale saw a significant decrease in the third quarter, according to figures from the Dutch association of realtors NVM, NOS reports.
Rents in the Netherlands continue to rise. In July, the average rents were 2.5 percent higher than in the same month last year. The highest increases happened in Amsterdam and Rotterdam, Statistics Netherlands reported on Wednesday.
The rents of social housing owned by housing corporations increased by 2 percent. Rents for social housing owned by other landlords and rents in free-sector housing both increased by 3.3 percent. In all three categories, the rents increased more than last year.
The average national rent increase in the second quarter of 2019 was the lowest since the second quarter of 2015. Rents in the Netherlands increased an average of 3.1 percent in the second quarter of this year, according to figures from Pararius. This clearly shows that the price increases are slowing down, the housing platform said, NU.nl reports.
Rent increases fell below 5 percent for the first time in 3.5 years in the last quarter of 2018. And that slowing down effect is continuing, according to Pararius.
The average free sector rent paid by tenants in the Netherlands now stands at 1 thousand euros per month. This is even higher in the four large Dutch cities, where tenants pay an average rent of 1,154 euros per month, Rabobank economists said in a report published on Wednesday, NU.nl reports.
This means that the national average rent is currently at the upper limit of 1 thousand euros for the middle segment. The middle segment is defined by homes with rents between 720 euros and 1 thousand euros per month.
Municipalities bordering the large Dutch cities are seeing large population growth, which means that rents in these municipalities are also rising sharply. In the first quarter of this year, free sector rents nationwide increased an average of 4.9 percent compared to a year ago, while some areas around the Randstad saw increases of more than 18 percent, rental broker Pararius said on Wednesday, NU.nl reports.
The municipality of Amsterdam is working on implementing a rental ban on new owner-occupied homes, in an attempt to prevent new homes from being bought up by investors and then rented out for hefty sums, the municipality said in a press statement. The ban will not only apply to the first buyer, but also to the people who later buy the home.
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 Dutch government is implementing a number of law changes on January 1st. Below find a summary of changes made in the category Housing and Living Environment.
Home rents will increase by no more than 4.1 percent to 5.6 percent from July 1st next year. More information can be found here.
Tenants of social rental housing do not have to worry about any extreme rent increases in the coming years. The association of housing corporations Aedas and the Woonbond made a new social lease agreement in which they agreed that social housing tenants will not carry the costs of making their homes more energy-efficient. And rents will rise by no more than inflation in the coming years, RTL Nieuws reports.
The agreement still has to be approved by the members of both organizations.
Free sector rents in the Netherlands continue to rise. In Rotterdam and Eindhoven they rose even faster than in Amsterdam, Utrecht, and The Hague over the past two quarters, according to figures rental platform Pararius released on Tuesday, ANP reports.
Rotterdam showed the strongest growth of the five large Dutch cities. Last quarter rents in Rotterdam were 14.3 percent higher than in the same quarter last year. Eindhoven saw an increase of 12.1 percent. Tenants in Rotterdam now pay an average of 16.50 euros per square meter per month, and those in Eindhoven 14.62 euros.
This year the value of office buildings in Amsterdam increased the most of all cities in the world. In the third quarter Amsterdam offices' value rose by 27.4 percent, according to a report by real estate advisor JLL that will be published in the coming weeks, Financieele Dagblad reports.
Office rents on the Zuidas, Amsterdam's business district, currently amount to about 400 euros per square meter.
For the first time students in the Netherlands on average pay over 400 euros per month for a room. Student housing rents increased more than 5 percent compared to last year, according to student housing website Kamernet, RTL Nieuws reports.
Amsterdam is the most expensive when it comes to student housing, with an average price of 571 euros per month for a room. Rotterdam saw a student housing rent increase of 7.4 percent to 460 euros per month.
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.
A massive 73 percent of students in the Netherlands pay too much in rent, according to a study by national student union LSVb. On average student rents are 55 euros per month higher than allowed by the property valuation point system. Amsterdam students are worst off - 80 percent pay an average of 115 euros too much rent per month, ANP reports.
An increasing number of Dutch tenants find themselves in long-term financial problems, according to a study by the Netherlands' environmental assessment agency PBL. In 2012 a total of 37 percent of tenants were barely able to pay their bills for four years in a row. In 2015 that increased to almost 55 percent, NU.nl reports.
According to the PBL, the increase in households in financial binds can partly be attributed to rising rental prices and housing costs. An influx of new households with relatively low income in the rental sector also plays a role.
Rents in the private sector in the Netherlands increased again in the third quarter. The average rent increased by 6.2 percent, compared to the same quarter last year, letting agent Pararius reported on Friday, according to the Telegraaf.
The average rent rose from 13.27 euros per square meter in 2015 to 14.11 euros per square meter. According to Pararius director Jasper de Groot, the increase can partly be attributed to a shortage of rental housing for people with mid level incomes in the Randstad.