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The Dutch government has announced that the updated maximum rent increase for the first half of 2024 will be 5,5%. This means that landlords in the private sector will be able to increase rents by up to 5,5% from 1 January 2024.
In the free (private) rental sector in the Netherlands, the maximum rent increase is calculated by the government based on wage increases or inflation (whichever is lower).
The permitted rent increases apply to all types of private housing, including houses, studios and apartments.
According to the government press release, the level of Inflation is currently 4,5% and collective labour agreement wages have risen by 5,8% between December 2022 and December 2023. Therefore, an inflation rate of 4.5% was used to calculate housing rent increases for 2024, and landlords were also allowed to add another 1%, giving the total of 5,5%.
The permitted rent increase of 5,5 % applies between January 1, 2024, and May 1, 2024. Tenants may receive notice of an annual rent increase sometime between these dates, depending on when their rental contract began.
The government will make a further announcement later in December regarding the rent increases from 1 July 2024.
The law regulating the cap on rent increases expires on May 1, 2024. Once it expires, landlords will no longer be limited in how much they can increase rents, and tenants may therefore face steep rent increases.
Outgoing Housing Minister Hugo de Jonge is currently working on a proposal to provide additional protection to tenants after 1 May 2024.
Source: I am Expat
