Private sector rents soar in Amsterdam
The cost of renting a home in the non-rent-controlled sector in Amsterdam has soared 8.4 percent over the past year, according to rental housing platform Pararius.
In the fourth quarter of last year, tenants were paying a monthly rent averaging EUR 20.18 per square metre in the capital, Pararius said.
In the Netherlands as a whole, free sector rents were up 1.3 percent at EUR 12.49 per square metre.
Pararius director Jasper de Groot says the shortage of affordable homes to buy is behind the sharp rise in free sector rents.
In addition, there are not enough rental properties costing around EUR 800 a month, De Groot says.
This means landlords can easily ask over EUR 1,000 a month for a flat which only just misses the rent-controlled sector definition.
In the Netherlands, rents are calculated according to the number of points a property has. Properties with rents set at over EUR 700 are free sector.