Friday 29 May 2020

Most housing corporations set to limit rent rises to inflation

Photo: Depositphotos.com

Most housing corporation tenants will see their rent rise by no more than the rate of inflation this July, corporation umbrella group Aedes said on Monday.

One in five housing corporations will put up their rents by more than the official rate of inflation of 1.6%, while 40% will stick to below that figure, Aedes said.

The corporations and tenants lobby group Woonbond reached a deal at the end of last year to limit rent rises to inflation from 2020, but this year’s limited increases show landlords are already sticking to the new rules, Aedes said.

Dutch housing corporations own some 2.4 million houses, of which all but around 5% fall into the social housing sector with rents of below €710 a month.

Some four million people currently live in property owned by one of the country’s 300 housing corporations, who own around one third of the country’s total housing stock.

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