The northern provinces of Groningen, Friesland, and Drenthe experienced the highest rental price increases in the Netherlands in the second quarter of 2024, according to renting site Pararius.
In a report, Pararius said that in the second quarter of 2024, rental property prices in the unregulated sector across all Dutch provinces showed an upward trend compared to the previous year. The Northern provinces of Drenthe (+16.7%), Friesland (+10.6%) and Groningen (+9.1%) experienced the largest increases.
Overall, renting in the private sector in the second quarter of the year was 9.9% higher on average than the same period in the year before housing. Tenants are currently paying around €18.79 per square metre.
Overall in the span of 5 years, the rent hasn’t increased as much in line with the general inflation, according to the website. This is mostly due to the COVID-19 pandemic where rent was lower
Amsterdam is still the most expensive city to rent in at €27.57 per square metre – for an apartment of 75m2 that would come at around €2068. However, prices in Amsterdam haven’t increased as much as they did nationally, increasing by only 3.8%.
According to Pararius these increasing rent prices show that the continuing pressure on the Dutch rent market, driven by limited offers and strong demand.
In the second quarter of this year, there were only 14,673 living spaces available via Pararius, which is almost a third less than a year before.
“More and more private investors chose to sell their homes instead of renting them out,” Pararius said.
