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Cost of renting a home in Amsterdam reaches record levels

Cost of renting a home in Amsterdam reaches record levels

The cost of renting a home in the free sector in Amsterdam has never been so high. It has reached record levels, with a rise of 5.6% in the previous quarter, according to research by rental agency Pararius.

Remarkably, the rents in the rest of the Netherlands have remained stable for years, much below the record levels seen before the economic crisis. In the second quarter Pararius even recorded a small decrease of 0.1 percent.

Cost of renting in Amsterdam almost half higher

Tenants now pay an average of €19.31 per square metre, topping the previous record of €18.97 which dates from the third quarter of 2008.

The cost of renting in Amsterdam are almost half higher then elsewhere in the Netherlands. On average, prices in the Netherlands have dipped by a marginal 0.1% to €12.42 per square metre.

Reasons

‘The high cost of buying property in Amsterdam is the main cause,’ says Pararius director Jasper de Groot. ‘Just 32% of Amsterdam houses are owned privately, compared with 60% in the country as a whole.’

In addition, the shortage of houses in Amsterdam with rents of between €700 and €1,000 and the large number of expats in the capital are also pushing up rents, De Groot said.

Average renting price in Amsterdam

The average price of a rental apartment on the Pararius housing platform is now €1,263.

(Source: NOS, Huren in Amsterdam)

Cost of renting a home in Amsterdam reaches record levels

 

Arianna

Arianna

Publisher / Community / Marketing Manager at expatsHaarlem
Arianna was born in Rome, Italy and grew up mostly in Florence. When she was 18 years old she came to the Netherlands, where she remained till today. Arianna likes to make trips, discover Haarlem, taste good food, meet internationals and share experiences. Currently she is living with her hubby and 3 toddlers in one of the cutest little neighborhoods of Haarlem, de Vijfhoek.
Arianna

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