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22,000 rental properties shifted to housing market in one year

22,000 rental properties shifted to housing market in one year

The number of private rental properties in the Netherlands decreased by 22,000 over the past year as many landlords opted to sell their holdings on the owner-occupied market. Major cities like Amsterdam experienced a significant reduction in rental availability, with the sold properties generally being more expensive and newer than those remaining for rent.

Research from Statistics Netherlands commissioned by the Ministry of the Interior reveals a significant shift in the Dutch housing market. Over the past year, 22,000 properties in the private rental sector were transferred to the owner-occupied market, a sharp increase from the 3,000 units lost the previous year. This brings the total number of private rental homes to 1.16 million, while the owner-occupied stock has grown by 81,000 units. Private landlords sold off the majority of these properties, with their holdings shrinking by 37,000 houses.

The decline in private rentals is particularly pronounced in major cities, with Amsterdam seeing 12 percent of its private rental stock move to the sales market. Generally, the properties transitioned to the owner-occupied sector tend to be newer, larger, and more expensive than those remaining available for rent, featuring an average WOZ value of 375,000 euros. While corporations expanded their stock, the overall reduction in private rental availability highlights a notable trend of landlords exiting the sector.

Based on reporting by nu. Translated and condensed by LocalHeadlines.

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