Rental prices in the Netherlands have increased again
In this article I will share our experiences with rental prices in the Netherlands, especially in the Randstad area.
The most common option to rent a property for middle income (future) tenants are accommodations with a rental price higher than € 711,00 per month, so-called properties in the private sector. Prices in this sector are again higher than last year. In the first quarter of 2017, occupants of a private sector rental property paid an average of € 14.70 per square meter per month. Due to the high demand for the ‘lower-priced’ rental houses in the big cities (Amsterdam, Rotterdam, The Hague, Utrecht) , the prices for these properties in the cities have strongly increased.
This development means that many newcomers in the Dutch rental market divert to areas just outside the city, with the hope to find cheaper housing solutions. As a result rental prices are also rising rapidly in the peripheral municipalities.
This is very well shown by Pararius.nl, the online platform for rental offers in the Netherlands.
In the first quarter of 2017, new tenants in Zaandam paid an average of 24.6 percent more than a year earlier. The prices have also gone up in Haarlem (10.2%), Heemstede (14.1%), Hoofddorp (14.3%) and Almere (12.6%) The rental prices of neighbouring cities are soon expected to be closer to the rental prices of properties in the bigger cities. Jasper de Groot, Director of Pararius.nl: “Amstelveen is a good example. In the last quarter, rental prices raised by 3.2 percent compared to the same period of 2016. Currently, renters pay € 18.56 per square meter here. In the first quarter of 2014 this was still € 15.70. This shows a total increase of 18.2 percent. ”
Small houses and apartments are very popular for people with middle incomes. Due to the high demand, the price per square meter is very high, making the segment from 50 m2 to 75 m2 relatively more expensive than other segments. In the first quarter of 2017, the average square meter price per month for the segment of 50 m2 to 75 m2 was € 18.73, an increase of 13.9 percent over the same quarter a year earlier.
Prices have almost become absurd and as a matter of fact we don’t expect them to decrease in the near future. If your budget is limited or you want to cut cost then you may consider house sharing or renting a room in someone’s else’s apartment. This is a popular option in the city of Amsterdam. Either way you are expected to invest quite some time to find a housing solution…or knowing the right people!
At Settle Service we have our own housing department where Ambra, Elizabeth and myself are constantly screening the market on behalf of our clients. We speak to many realtors and know their offer sometimes even before it officially comes to the market. We can bring you in contact with people who are looking for a new house mate and will pro-actively advise you in your search.