Amsterdam rental property costs 70% more than elsewhere

Rental property in non-rent controlled sector in Amsterdam is 70% more expensive than similar homes in other parts of the country, according to research by real estate agency NVM.

The average price of a free sector property is almost €1,500 in the capital, the survey, carried out together with Ortec Finance, showed.

The Hague, where tenants pay a 39% premium and the Gooi region near Utrecht (37%) have the second and third most expensive rental property, the survey found.

The survey also found that rents excluding the social housing sector have risen faster than the price of owner occupied homes, a marked shift to previous years.

Shortage

‘The price rise is bad news for consumers who are faced with finding a home in the non-rent controlled sector,’ NVM chairman Ger Jaarsma said. ‘And that comes on top of a far from ideal supply.’

The average price of a liberalized sector rental property is €1,244 a month, but this is largely due to higher prices in Utrecht, Noord-Holland and Zuid-Holland provinces. In all other parts of the country, the average rent is below €1,000.

There are some 326,000 non-rent controlled rental homes in the Netherlands. This means just one in 20 properties is available for rent to people earning more than €35,000 a year.