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Rents in the free sector rose again for the first time in a year

Rents in the free sector in the Netherlands have risen again for the first time in a year. Last quarter prices per square meter were 2.5 percent higher than in the same quarter last year. This is evident from figures published on Thursday from rental platform Pararius. Due to the corona crisis, which resulted in fewer expats and tourists, rents actually fell last year.

Renters of apartments in the free sector paid an average of 17 euros per square meter. A single-family home cost an average of 13 euros per square meter and a detached house around 14 euros per square metre. Rental housing that is delivered bare, did fall in price. This decrease was compensated by the increase in rental properties that were furnished and unfurnished. A bare house lacks the floor covering or laminate, and often the curtains or kitchen facilities as well.

According to pararius director Jasper de Groot, the increase in rents in the free sector is partly due to the return of tourism and the expats who come back to the Netherlands. He also mentions the already existing great scarcity of private sector rental housing as an important factor. During the corona pandemic, rental properties previously rented by expats often remained vacant. Prices were lowered in order to still find tenants. Apartments for tourists were also temporarily made available for rent.

Rents in Amsterdam, Rotterdam and The Hague rose by approximately 2 percent per square metre. Amsterdam still has the most expensive rental properties in the free sector. On average, a rental house there costs 22 euros per square meter. In a few cities, rents did not increase compared to the same quarter last year. This was in Amersfoort, Middelburg and Roermond, among others.

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