Dec 15, 2023 at 3:00 PM Update: 4 minutes ago
Landlords of homes in the private sector may increase their rents by a maximum of 5.5 percent next year. The Ministry of the Interior reported this on Friday. In September an increase of 4.9 percent was expected.
The ministry determines the percentage by looking at inflation and the average wage increase of the past year. The lower of the two is taken as a starting point and an additional 1 percentage point is added. Last year inflation was lower than wage growth: 4.5 percent compared to 5.8 percent.
It is not the case that everyone who rents a house in the private sector will immediately receive an increase on January 1. The timing of the increase often depends on when the rental contract started.
The increase applies to all types of homes in the private sector, including apartments and studios. Furthermore, moorings for houseboats also fall under this scheme.
The measure applies until the beginning of May. It is unclear whether rents in the private sector will continue to be restricted after this. Outgoing Minister Hugo de Jonge (Housing) is still working on new policy.
However, the decision does not mean that all rents in the private sector will actually increase by 5.5 percent. Landlords may also choose to increase rents less.
The ministry will decide later this month how much the rents of social housing may be increased in 2024. In any case, social rents will not increase until July next year.
Get notified of new stories Stay informed with notifications
Beeld: Getty Images
Read more about:
Housing marketEconomy
2023-12-15 14:00:12
#Rent #private #sector #increase #percent #year #Economy
