Rent prices per square meter in the largest Dutch cities have been on an upward trend after a slight decline in 2020. Amsterdam remained the most expensive city to live in, averaging a monthly rent of 27.6 euros per square meter for residential real estate in the private rental sector. Monthly rents in Utrecht were around six euros cheaper per square meter. Both cities were above the average rent price of residential property in the Netherlands overall, whereas Rotterdam and The Hague were slightly below that.
Buying versus renting, what do the Dutch prefer?
The Netherlands is one of Europe’s leading countries when it comes to homeownership, having funded this with a mortgage. In 2023, around 60 percent of people living in the Netherlands were homeowners with a mortgage. This is because Dutch homeowners were able to for many years to deduct interest paid from pre-tax income (a system known in the Netherlands as hypotheekrenteaftrek). This resulted in the Netherlands having one of the largest mortgage debts across the European continent. Total mortgage debt of Dutch households reached a value of approximately 803 billion euros in 2023.
Is the Dutch housing market overheating?
There are several indicators for the Netherlands that allow to investigate whether the housing market is overheating or not. House price indices corrected for inflation in the Netherlands suggest, for example, that prices have declined since 2022. The Netherlands’ house-price-to-rent-ratio, on the other hand, has exceeded the pre-crisis level in 2019. These figures, however, are believed to be significantly higher for cities like Amsterdam, as it was suggested for a long time that the prices of owner-occupied houses were increasing faster than rents in the private rental sector.
Average rent price of residential property in Amsterdam, The Hague, Rotterdam and Utrecht (the Netherlands) from 1st quarter 2010 to 2nd quarter 2024
(in euros per square meter)
Characteristic
Amsterdam
The Hague
Rotterdam
Utrecht
Q2 2024
27.57
20.07
20.13
21.52
Q1 2024
27
19.39
19.53
20.67
Q4 2023
27.28
19.35
19.18
20.17
Q3 2023
27.32
19.14
19.14
20.35
Q2 2023
26.55
18.57
18.64
21.08
Q1 2023
25.68
18.19
17.91
19.83
Q4 2022
25.75
17.85
17.5
19.3
Q3 2022
25.24
17.87
17.51
20.23
Q2 2022
24.67
17.3
17.37
20.06
Q1 2022
24.29
17.1
17.1
19.55
Q4 2021
23.23
16.85
17.1
19.11
Q3 2021
22.89
16.74
16.83
19
Q2 2021
22.28
16.59
16.18
18.71
Q1 2021
22.37
16.35
15.92
18.67
Q4 2020
22.08
15.83
15.48
17.81
Q3 2020
22.09
16.2
16
17.47
Q2 2020
23.09
16.2
16.33
17.81
Q1 2020
23.5
16.53
16.49
17.9
Q4 2019
23.68
16.34
16.26
17.8
Q3 2019
23.47
16.24
15.95
18
Q2 2019
23.42
16.28
16.3
16.87
Q1 2019
23.28
15.96
16.29
17.27
Q4 2018
22.98
15.87
15.76
17.21
Q3 2018
22.83
15.92
16.5
16.57
Q2 2018
22.79
15.65
15.85
16.63
Q1 2018
22.48
15.25
15
16.05
Q4 2017
22.27
15.26
15.14
15.24
Q3 2017
22.06
14.9
14.43
15.89
Q2 2017
22.28
14.6
14.07
16.44
Q1 2017
22
14.56
14.26
15.85
Q4 2016
22.02
14.55
13.72
15.56
Q3 2016
21.96
14.63
14.35
15.57
Q2 2016
21.98
14.46
14.22
15.35
Q1 2016
22.34
14.3
13.66
15.26
Q4 2015
22.28
14.5
12.98
14.59
Q3 2015
21.04
14.51
13.08
14.81
Q2 2015
20.68
13.74
13.3
15.06
Q1 2015
20.04
13.49
12.67
14.11
Q4 2014
20.18
13.68
12.9
13.81
Q3 2014
19.31
13.29
12.51
14.09
Q2 2014
19.31
12.87
12.16
14.04
Q1 2014
18.83
12.91
12.28
14.26
Q4 2013
18.62
12.89
12.22
14.14
Q3 2013
18.51
13.09
12.19
14.11
Q2 2013
18.29
12.88
12.22
14.27
Q1 2013
18.93
13.01
11.82
14.28
Q4 2012
18.55
12.43
12.18
14.74
Q3 2012
18.11
13.13
12.53
14.77
Q2 2012
17.44
13.07
12.21
14.19
Q1 2012
17.59
12.85
12.18
14.68
Q4 2011
18.25
13.26
13.36
14.66
Q3 2011
17.13
12.75
12.05
14.5
Q2 2011
16.66
12.94
11.9
14.06
Q1 2011
16.57
13.22
12.2
14.21
Q4 2010
16.33
13.12
12.48
13.21
Q3 2010
16.08
12.94
12.23
13.62
Q2 2010
16.27
12.9
12.23
13.56
Q1 2010
16.32
13.13
12.29
13.87
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Rental housing being offered on the website of the source in the specific quarter.
Supplementary notes
The source states the numbers shown, concern rental housing being offered on the website of the source in the specific quarter. These figures exclude: "houses with less than 60 square meters or larger than 300 square meters and a rent of less than 710,68 euros are included". Moreover: "No difference was made between the type of rental housing, such as houses, appartments, rooms or studios."
According to the source, the rental price per square meter was calculated: "as the monthly rental price, dived by the living surface of the respective house".
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Pararius.nl. (July 16, 2024). Average rent price of residential property in Amsterdam, The Hague, Rotterdam and Utrecht (the Netherlands) from 1st quarter 2010 to 2nd quarter 2024 (in euros per square meter) [Graph]. In Statista. Retrieved November 05, 2024, from https://www.statista.com/statistics/612227/average-rent-in-four-largest-cities-in-the-netherlands-by-city/
Pararius.nl. "Average rent price of residential property in Amsterdam, The Hague, Rotterdam and Utrecht (the Netherlands) from 1st quarter 2010 to 2nd quarter 2024 (in euros per square meter)." Chart. July 16, 2024. Statista. Accessed November 05, 2024. https://www.statista.com/statistics/612227/average-rent-in-four-largest-cities-in-the-netherlands-by-city/
Pararius.nl. (2024). Average rent price of residential property in Amsterdam, The Hague, Rotterdam and Utrecht (the Netherlands) from 1st quarter 2010 to 2nd quarter 2024 (in euros per square meter). Statista. Statista Inc.. Accessed: November 05, 2024. https://www.statista.com/statistics/612227/average-rent-in-four-largest-cities-in-the-netherlands-by-city/
Pararius.nl. "Average Rent Price of Residential Property in Amsterdam, The Hague, Rotterdam and Utrecht (The Netherlands) from 1st Quarter 2010 to 2nd Quarter 2024 (in Euros per Square Meter)." Statista, Statista Inc., 16 Jul 2024, https://www.statista.com/statistics/612227/average-rent-in-four-largest-cities-in-the-netherlands-by-city/
Pararius.nl, Average rent price of residential property in Amsterdam, The Hague, Rotterdam and Utrecht (the Netherlands) from 1st quarter 2010 to 2nd quarter 2024 (in euros per square meter) Statista, https://www.statista.com/statistics/612227/average-rent-in-four-largest-cities-in-the-netherlands-by-city/ (last visited November 05, 2024)
Average rent price of residential property in Amsterdam, The Hague, Rotterdam and Utrecht (the Netherlands) from 1st quarter 2010 to 2nd quarter 2024 (in euros per square meter) [Graph], Pararius.nl, July 16, 2024. [Online]. Available: https://www.statista.com/statistics/612227/average-rent-in-four-largest-cities-in-the-netherlands-by-city/