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Rental Prices in the Netherlands Are Rising Again

The largest annual increase since 2014.

In July, rents in the Netherlands were on average 3% higher than in the same month last year. According to Statistics Netherlands (CBS), this is the largest annual increase since 2014.

Details. The Statistical Office has studied both the prices of social housing and in the private sector. Rents in the latter category increased by 3.8%. Residents of social housing paid an average of 2.6% more.

Rents in Amsterdam have risen the most out of the four major municipalities. Taking into account the turnover of residents, the rent in the capital increased by an average of 3.6%. The city of Utrecht took the second place with an indicator of 3.5%. Of the provinces, rents grew the fastest in North Holland (+3.4%) and the slowest in Drenthe and Friesland (+2.5%).

Context. The government has adjusted the rental policy since July 1, 2022. Unlike in 2021, rents for social housing may also rise. This happened according to a fixed amount based on the tenant's income.

Reaction. The Woonbond Tenants Association is concerned about the high rent growth this year. "This is worrying because higher rents are accompanied by higher electricity bills. Thus, housing is rapidly becoming more expensive for tenants," the organization notes.

Woonbond believes that the Cabinet should take additional measures to ensure that tenants do not pay high rents for houses with poor insulation. For example, Woonbond wants single glazing to be considered a defect from now on. "This ensures that the replacement of single glazing is part of the lessor's maintenance responsibilities. If the landlord refuses, it means a reduction in rent until inefficient windows are replaced," the association said.

Also read: How the Netherlands Try to Save Real Estate Market

Source: NL Times
Photo by  Javier M. on Unsplash

Quoting conditions of Prian.info materials

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