Finance

Rents in the free sector are rising again after corona dip

Last quarter, new tenants paid an average of 2.5 percent more expensive per square meter than a year ago. In the previous four quarters, this figure continued to decline.

Expat market is picking up

In particular, the absence of expats during the corona pandemic resulted in lower prices, researchers thought at the time. Due to travel restrictions and the switch to working from home, far fewer expats came to the Netherlands than before.

According to Pararius director Jasper de Groot, the expat market has now picked up again. “This, together with the already existing great scarcity of private sector rental homes, is the basis of the recent price increase,” he says in an explanation.

Tourism on the go

He also points out that the supply is getting tighter now that tourism is picking up again. With the loss of tourist flow as a result of corona, more rental properties were offered, but that offer is now disappearing from the market.

The capital is still the most expensive city to rent a house, according to the figures from Pararius. Rents in Amsterdam rose by 1.6 percent in the past quarter. New tenants generally had to pay 22.44 euros per square meter per month.

Rents also rose in other large cities such as Rotterdam, The Hague, Eindhoven and Utrecht. Of these cities, Eindhoven was the cheapest city with an average square meter price of 14.85 euros.

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