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Rising Rents in the Private Sector: The Impact on Social Housing and New Residents

08 Sep 2023 at 00:05

Those who rent a house in the private sector pay an average of 4.5 percent more than a year ago. In the case of social rent, the increases were less pronounced.

In brief

Rents in the private sector have risen by an average of 4.5 percent, while the increase in social housing is very limited. Increases were greatest in Friesland. Rents for new residents rose much further, an average of 10.9 percent.

For example, you now pay an average of only 0.1 percent extra if you rent social housing from a corporation, according to figures from Statistics Netherlands. If you rent from a private individual or an investor, your rent is now on average 3.7 percent higher.

In reality, increases can be quite different. For example, there are tenants who have received a reduction this year because of their limited income. Other tenants, on the other hand, received a larger increase from, for example, their housing corporation.

In addition, rents also go up further when a new occupant enters the building. On average, the rent in those cases rose by 10.9 percent this year. That is the largest increase since 2014. The fact that rents rise so much more among new residents is because landlords are then bound by less strict rules.

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Increases greatest in Friesland

If all categories are combined, rents in our country are on average 2 percent higher than last year. The increase was greatest in the province of Friesland, at 2.4 percent. Flevoland had the smallest increase, of only 1.2 percent. Of the four major cities, rents rose the most in Amsterdam (2.8 percent) and least in Utrecht (2.4 percent).

For this study, Statistics Netherlands only looked at the basic rent, so without, for example, service costs and costs for lighting in communal areas such as an elevator or gallery.

Beeld: Getty Images

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Housing marketEconomy
2023-09-07 22:05:37
#Rents #private #sector #rose #sharply #year #Economy

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