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.
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.