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Fewer new rental properties came on the market last year: ABN Amro

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The variety of new rental properties added to Dutch housing inventory fell 9% final 12 months, compared with 2020, because the mounting value of staff and materials lead builders to delay tasks, ABN Amro stated in a brand new evaluation of the housing market.

While most new rental properties have been realised in Amsterdam, the overall within the capital was simply 2,965, whereas in Utrecht, solely 676 new rental properties got here in the marketplace. In the Netherlands as an entire, almost 23,000 new properties have been put up for lease.

ABN Amro analyst Casper Wolf says there’s a hyperlink between the state of affairs within the huge cities and smaller ones, the place the quantity of latest housing is growing extra quickly.

‘Rijkswijk, Zoeterwoude and Dordrecht all show considerable increases in the amount of new rental property,’ he stated. ‘Nieuwegein has become the alternative for people who cannot afford Utrecht.’

Developers, who’ve been confronted with delays and cancelled tasks due to efforts to cut back nitrogen-based air pollution, at the moment are counting different prices, Wolf stated. It has grow to be tougher and costly to seek out expert staff, constructing materials has grow to be costlier and land costs are additionally going up.

‘The price of land rose to a record €530 per square metre in the first months of 2022,’ Wolf stated. ‘That is up 9.5% on a year ago.’

The authorities has pledged to extend the variety of properties for lease outdoors the social housing sector, significantly mid-market leases of as much as €1,000 per 30 days. Currently, 57% of the Dutch housing inventory is proprietor occupied, 33% is lease managed and simply 9% is offered for increased earners who want to lease.

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