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Tag: free sector

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21apr

Free sector rents to fall again in Q1 2021

The latest figures from housing platform Pararius show that the average national rental price of homes in the free sector has fallen by 2.4 percent. The average price per square meter now stands at €16.34 per month. The average rent has fallen less sharply compared to the fourth quarter of 2020, when the decline was 3.7 percent

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In the first quarter of 2021, the average price per square meter for a furnished house was €18.23 per month in the free sector. That a difference of -6.7 percent from a year earlier. The price of unfurnished housing fell 3.2 percent last quarter to €15.48 per square meter per month. The average rental price of a bare rental home rose 2 percent last quarter to €12.42 per square meter per month.

Developments in the five major cities

Pararius' figures show that for the first time in all five major cities there has been a drop in prices. In the first quarter of 2021, the average rent in Utrecht fell by 0.7% to €17.78 per square meter per month. In Amsterdam, the average rent dropped by 7.4% to €21.76 per square meter per month. In The Hague, the average rent dropped 3.5% to €15.95 per square meter per month. In Eindhoven, the average rent dropped 2.4% to €14.08 per square meter per month. In Rotterdam, the average rent decreased by 7.8% compared to Q1 2020 to an average square meter price of €15.20 per month.

Developments in other cities

Other cities present a mixed picture. In many cities, rents fell last quarter with percentages between 11.5% for rental properties in Alkmaar and 4.4% for rental properties in Schiedam. There are also cities where the average square meter price rose. These include Amersfoort (+17.2%), Apeldoorn (+5%), Bergen op Zoom (+5.9%), Enschede (+6.6%) and Leeuwarden (+7.2%) Deventer (+3.5%), Groningen (+4%) and Tilburg (+3.1%).

Rent Advice

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Source: Pararius.com

25mrt

Rent increase free sector severely capped

The Upper and Lower Houses agreed this week to the bill by Lower House member Henk Nijboer (PvdA) to introduce a maximum rent increase in the free sector of no more than 1% (on top of inflation) for the next three years.

The bill was introduced by Nijboer in June 2020 to better protect tenants, during and after corona time. The new bill affects some 560,000 households in the Netherlands. Some 87,000 of these received rent increases last year that would no longer be allowed within this new bill.

In May 2020, Interior Minister Kajsa Ollongren had already proposed a maximum increase of 2.5%. According to Nijboer, however, this was not sufficient. Unlike the social rental sector, no legal limit had been specified for the free sector.

Because of the approval by the Upper and Lower Houses, the minister has no choice but to implement the proposal. In addition to this proposal, other proposals are included. The minister's letter to the House of Representatives shows the following:

  • The rents of all social housing in the Netherlands will be frozen this year. From July 1, 2021, it is forbidden to increase the rent of these houses.
  • The rent freeze also applies to the income-related rent increase. That's the extra rent increase for "skewed tenants.
  • Housing associations and larger landlords (50+ homes) will be partially compensated for the loss of revenue through a reduction in the landlord levy rate (which applies only to landlords with more than 50 social housing units).
  • In what ways all other landlords, with less than 50 social housing units owned, will be compensated is still unclear to the minister. This is currently being investigated and will be reported on at a later date

Questions or ambiguities?

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18jan

Free sector rents down in Q4 2020

The latest figures from housing platform Pararius show that for the first time in 6 years, the average national rental price of homes in the free sector has fallen. The average price per square meter now stands at €16.16 per month, which is 3.7% less than in the same quarter in 2019. Such a similar decline as now was last measured in the fourth quarter of 2012.

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The price of unfurnished rental housing fell 5.3 percent last quarter to €15.18 per square meter per month. For a bare rental home, new tenants paid €11.92 per square meter per month, 0.5 percent more than the same quarter of 2019. Furnished homes also decreased in price. With an average rent of €18.20, new tenants paid 7 percent less than in the same quarter a year earlier.

Developments in the five major cities

Developments in the Netherlands' five major cities (Amsterdam, The Hague, Eindhoven, Rotterdam and Utrecht) are often a harbinger for the rest of the country. After the crisis, housing prices in Amsterdam, for example, were the first to rise, followed by Rotterdam and The Hague. Only later did we also see rents in the free sector rise in the rest of the country. Now the same thing is happening the other way around. In Amsterdam, rental prices stagnated from the second quarter of 2019. In the rest of the Netherlands, this stagnation followed barely a year later (Q1 2020). Price declines were also observed first in Amsterdam and then followed at the national level.

Average rents in the free sector fell in eight of the 12 provinces. In Drenthe (-7.4%) North Holland (-6.3%), Groningen (-4.9%), Zeeland (-4.7%) and South Holland (-3.2%) prices fell by at least 3 percent. In Friesland (-2.6%), North Brabant (-2%) and Limburg (-1.9%) the price drop was slightly smaller.

Price trends by housing type

Apartment rents fell again in the fourth quarter of 2020. New tenants paid an average of €17.14 per square meter per month for an apartment, down 6.2 percent. Apartments are still by far the most expensive housing type to rent. For a single-family house, new tenants paid €12.36 per square meter per month (-1.8 percent). For a detached house, an average of €14.28 per square meter per month was paid. This is an increase of 3.9 percent.

More information? Click here for the full article on Pararius.

Source: Pararius.com

08nov

Free sector rents up over 10% in Q3 2020

Vastgoed Management Nederland (VGM NL) and the NVM report that rents in the free sector rose 10.2% in the third quarter of 2020.

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

  • The average (bare) rent per square meter was €10.06 (+8.3%) for residential houses and €14.42 (+7.4%) for apartments in Q3 2020;
  • In the furnished segment, the rent is €20.57 per square meter;
  • The rent for unfurnished housing is now €17.34 per square meter;
  • The average rent - free sector - in the third quarter 2020 was €1,142;
  • Regional differences of rent remain strong.

Average rent rises to €1,142

Nationwide, the average rental price for a residential house was €1,143 and for an apartment €1,141. The average square meter price for residential houses came in at €10.06 (+8.3%) and for apartments at €14.42 (+7.4%) in the third quarter of 2020.

 

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.