“Rent is rising faster than prices apartment for rent” – NU.nl

The average annual rent as a percentage of house value stood at 6.1 percent last year. In 2009, the figure was still 5.4 percent, according to research Tuesday (pdf) from agents association NVM and Ortec Finance. Four years earlier, in 2005, the rate was also 6.1 percent.

In the period from 2005 to 2015 took an apartment in the private sector 1,244 euros per month. In South Holland (1,429 euros), North Holland (1,373 euros) and Utrecht (1107 euros) when rents were the highest. Rents were lowest in Friesland (798 euros), Overijssel and Limburg (both 865 euros).

In 2005, the average rent 1,325 euros. In subsequent years, prices remained fairly stable. But in 2009 the average fell to 1.234 euros. Rents then fell further. In 2014, rents rose again. Last year, the average out at 1,182 euros.

Credit Crisis

The developments in the rental market moving along, but are not identical to those on the housing market. Until 2013, changes in rents less than changes in prices of owner-occupied homes.

“Before the outbreak of the financial crisis increased the rents less harsh than the purchase price,” says professor and researcher at Ortec Finance Marc Francke. But while apartments have fallen sharply in value after the outbreak of the credit crisis, rents have not fallen significantly during that period.

“Because rents have increased more between 2013 and 2015 than the sale prices has increased the market rent rate in this period,” said Francke. Moreover, the increase in the period 2005 to 2015 have remained behind the inflation rate.

The average price of existing homes reached according to data from the

Central Bureau of Statistics (CBS) peaked in August 2008 of 261 948 euros. Thereafter, prices fell to the lowest point in June 2013 (206.114 euros). Since then, the price shows a rising trend. Last July were existing homes again almost as expensive as in March 2005.

Location

The location is the most determining factor for the amount of the rent. A similar house in Amsterdam can cost 70 percent more than the national average.

The area of ​​the house and the condition affect the rent. For a 10 percent larger house is 7 percent asked for more rent. And a well maintained house a tenant must pay a quarter more than a poorly maintained rental house.

bad news

“The excessive rise in prices is bad news for consumers who, for various reasons , rely on the free rental market, “said chairman Ger Jaarsma of NVM. “Moreover, the offer is still to be desired in this rental segment.”

According Jaarsma is an increasing proportion of Dutch households rely on rental housing in the private sector. This is especially true for residents of large cities.

In any case, until 2018, the so-called deregulation border at 710.68 euros. If the rent at the start of the contract is greater than this amount, then it is an apartment in the private sector

By:. NU.nl