Wednesday 21 October 2020

Cost of renting a home rises but housing corporations keep a lid on

Housing rents for existing contracts rose an average of 2.5% over the past year, a slight rise on 2018, national statistics office  CBS said on Wednesday.

Over the last decade, rents have gone up an average of 2.6% year on year. Landlords traditionally increase rents from July.

Housing corporations put up the rent of their social housing by an average of 2%. Private sector rents, including homes in the non-rent controlled sector, rose by an average of 3.3%.

Housing corporations and tenants lobby group Woonbond reached a deal at the end of last year to limit rent rises to inflation from 2020, and many corporations said earlier this year they would already start putting this into practice.

The largest increases were seen in Amsterdam and Rotterdam, and both Utrecht and The Hague experienced above average increases.

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.

Thank you for donating to DutchNews.nl

The DutchNews.nl team would like to thank all the generous readers who have made a donation in recent weeks. Your financial support has helped us to expand our coverage of the coronavirus crisis into the evenings and weekends and make sure you are kept up to date with the latest developments.

DutchNews.nl has been free for 14 years, but without the financial backing of our readers, we would not be able to provide you with fair and accurate news and features about all things Dutch. Your contributions make this possible.

If you have not yet made a donation, but would like to, you can do so via Ideal, credit card or Paypal.