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Rents in the free sector are rising again, partly due to the influx of labor migrants | Money

Last quarter, new tenants paid an average of 2.5 percent more expensive per square meter than a year ago, reports Pararius. In the previous four quarters it went down. In particular, the absence of labor migrants, especially highly skilled migrants and expats, during the corona pandemic led to lower prices, according to researchers. Due to travel restrictions and other consequences of the corona crisis, far fewer labor migrants came to the Netherlands than before.

Expats

According to Pararius director Jasper de Groot, the expat market has now picked up again. “This, together with the already existing great scarcity of private sector rental housing, is the basis of the recent price increase,” he says in an explanation.

Pararius also notices that labor migrants are busy looking for accommodation. “We can see from the English version of our website, Pararius.com, that the number of contact and information requests has increased enormously. It is only logical that rents have risen again in the past quarter,” says De Groot

The capital is still the most expensive city to rent a house, according to the figures from Pararius. Rents in Amsterdam rose by 1.6 percent in the past quarter. New tenants generally had to pay 22.44 euros per square meter per month. Rents also rose in other large cities such as Rotterdam, The Hague, Eindhoven and Utrecht. Of these cities, Eindhoven was the cheapest city with an average square meter price of 14.85 euros.

Rents in the free sector are rising again, partly due to the influx of labor migrants | Money
Source link Rents in the free sector are rising again, partly due to the influx of labor migrants | Money

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