The rent for ‘free sector’ homes in the Netherlands is rising faster outside the big cities, according to a report by leading property rental platform Pararius released on Thursday.
Rents rose by an average 10% in the smaller cities while in the big western urban agglomeration known as the Randstad rents rose an average of 4.3% in the second quarter of 2017, Pararius said.
But prices in the northern province of Groningen shot up 17% in the period while those in the newest province Flevoland chalked up a 23% increase.
The increase was not unexpected, said Pararius director Jasper de Groot: ‘The limits have been reached in many areas with very high rents. A lot of tenants are giving up and looking elsewhere, outside the city.’
De Groot expects the trend toward higher rents to continue throughout the country. ‘Demand continues to increase and the structural shortage of good housing grows wider,’ he said.