15yun

City Estate present during PROVADA Live

City Estate will be present during the kickoff of the virtual real estate fair PROVADA Live. On Tuesday, June 16 and Wednesday, June 17, the real estate market will meet during this online event. With a program via mobile app and laptop, the Provada organization brings real estate professionals together.

City Estate will attend several keynotes in addition to visiting several online booths. The goal is to expand our network and share market updates with our clients. Are you interested in meeting us digitally? Then get in touch with us!

10yun

Freehold rents up 2.4% in Q1 2020

Vastgoed Management Nederland (VGM NL) and the NVM report that rents in the free sector rose 2.4% in the first quarter of 2020.

According to the quarterly report by VGM NL and NVM, the main developments in the first quarter 2020 free sector rental housing market are:

  • Rents are increasing by an average of 2.4%.
  • The average rent per square meter was €12.04 in the first quarter of 2020.
  • Average rent rises hardest for apartments
  • Regional differences of rent remain strong.

 

Average rent per m2

Regional differences in rents

In the provinces of Overijssel and North and South Holland, rents increased the most in one year, by as much as 8% to 9%. The regional differences are clearly visible in the graph above. For example, the average rent per square meter in Drenthe is €8.72 while in North Holland it is €17.06.

Average rent rises to €1,114

Nationwide, the average rental price for a residential house was €1,076 (+0.6% over last year) and for an apartment €1,114 (+3.5% over last year). The average square meter price for residential houses in the first quarter of 2020 came to €9.50 (+2.6%) and for apartments to €13.61 (+5.1%). The graph above clearly shows that rent increases have been leveling off slightly in recent years.

20May

Cabinet wants to maximize rent increases in the free sector

The National Government reports that Minister Kajsa Ollongren (Interior and Kingdom Relations) plans to maximize the annual rent increase in the free sector. Currently, Ollongren is working on a law in which the annual increase in the free sector, as with social rental housing, is at most inflation + 2.5%.

There is now no cap on the rent increase that landlords in the free sector may apply. On the one hand, this makes tenants unsure of where they stand and, on the other hand, there are certain landlords who sometimes add as much as 5% to 6%.

Temporary leases longer possible

Furthermore, the central government reports that the ability to renew a temporary lease will be improved. Currently, a temporary lease can only be concluded once. The possibility of extending such a temporary lease by one or two years, up to a maximum period of three years, is now being examined. The advantage for the landlord is that this allows him to offer more customization and tenants have more flexibility. Minister Ollongren is extending a bill to make this possible.

16mrt

Self-occupancy requirement instituted in Utrecht

The municipality of Utrecht has obliged buyers of new-build homes up to €307,400 on municipal land to live in their homes themselves. This so-called self-occupancy obligation took effect on Friday, March 13, 2020.

Another change that has taken place in the municipality of Utrecht is an anti-speculation clause. With both measures, the municipality wants to keep investors and speculators out of the housing market. The next step expected is that the municipality also wants to include the regulations in agreements with developers when the municipality is not a landowner.

Other cities

In January, Amsterdam already introduced compulsory self-housing. In Rotterdam, the PvdA wants to introduce a five-year self-housing obligation for all owner-occupied houses.

The exceptions to self-housing obligation among themselves

With a self-occupancy obligation, a home may only be occupied by the buyer himself. This ensures that renting out is prohibited. The homestead obligation applies to both the first buyer and any subsequent buyers. To overcome the fact that certain groups are unintentionally affected, the municipality makes a number of exceptions.

  • However, rentals to first-degree relatives are allowed
  • However, during a temporary stay abroad, rental is possible

The anti-speculation clause means that a property may only be resold after five years. If the buyer wants to sell the property within this period, he must remit part of the profit to the municipality.

12mrt

Housing shortage will increase over next three years

The Economic Institute for Construction (EIB) has come out with new figures showing that the housing shortage will increase over the next three years. Through 2023, according to the EIB, a net 230,000 homes will be added to the stock. This while it appears that the number of households will increase by 350,000 during the same period. This will ensure that the tension in the housing market is not over for the time being.

Temporary decline in permits

The EIB, in its recently released study "Housing construction 2020 - 2023; Outlook based on nitrogen measures," concluded, among other things, that permit issuance fell from 70,000 to 57,000 in 2019. The nitrogen measures play an important role in this. The EIB suspects that only in 2021 will permit issuance increase sharply again to 77,000 housing units and then rise to 80,000 units in 2022 and 2023. The delayed issuance of permits will also affect housing delivery.

Cabinet measures

The current administration has implemented three measures to provide additional room for (mainly) housing construction.

  • Lowering the speed limit on highways to 100 km/h.
  • Different composition of cattle feed
  • Voluntary rehabilitation scheme for pig farms

The EIB expects that it will take some time for the measures taken to have an effect. This will ensure that licensing will experience little benefit from the measures this year. However, the nitrogen problem will no longer be a substantial obstacle to permitting in the period 2021 through 2023.

20feb

Moderate price increase in free rented sector

Despite the fact that there is still a huge shortage of housing, rents in the free sector did not increase dramatically in the second half of 2019. The average square meter price has risen slightly to €11.92.

Vastgoed Management Nederland (VGM NL) and the NVM have conducted a market report showing these figures. We have listed the most important national developments for the second half of 2019 below.

  • Moderate price development of +4.5% per sq. ft. on mutation
  • Rents rise less sharply than in previous periods
  • Apartment rents are rising slightly faster than residential rents
  • The price increase of unfurnished and furnished rental properties remained stable at +4.9%

Price per square meter increased slightly

The average square meter price rose slightly to €11.92 per square meter. The lack of supply of rental housing under €1,000 per month is striking. Especially in the big cities, there is little supply and flow in this price range. This will therefore mean for many families that they will move to surrounding municipalities, according to VGM NL and the NVM.

Average rent

The average rent in the Netherlands over the past six months was €1,095 per month. However, regional differences strongly affect the average rent. For example, the average rent per m² in Amsterdam was €20.73 while in Almere it was €10.51, a difference of almost 50%.

Source: NVM market report 'Transparency in the rental market '