Rental Market Figures Q3 2024

NVM and VGM NL publish up-to-date data on private sector rental transactions each quarter. For the third quarter of 2024, the figures provide insight into the current developments in the housing market. Below is an overview of the most important national, regional, and vb&t Verhuurmakelaars statistics.

National Developments

The total number of rental transactions decreased by 18.9% in the third quarter of 2024 compared to a year earlier.

Rental prices continue to rise, with an average increase of 6.9% per square meter on an annual basis. The average rental price for all rental homes is currently €16.81 per square meter.

The highest price increases are mainly observed in the segment of unfurnished rental properties, while transactions in the furnished and semi-furnished rental market are actually declining.

Regional Developments

In North Holland, rental prices are the highest, with an average of over €20 per square meter. Utrecht and South Holland follow with rental prices above €16 per square meter.

Flevoland and Drenthe have seen the strongest annual rental price increases, with a rise of more than 10%.

vb&t Verhuurmakelaars Rents Significantly More Homes in Q3 2024 Despite Market Shift

vb&t Verhuurmakelaars rented out significantly more homes in the third quarter of 2024 compared to the third quarter of 2023. This is partly due to the expansion of vb&t's portfolio in the first and second quarters of 2024.

"At the moment, however, we are noticing a shift in the market. Various clients have decided not to re-rent homes after tenant turnover but to sell them instead," says Irma Vergeer, rental manager at vb&t Verhuurmakelaars. This aligns with the national trend that has emerged due to the Affordable Rent Act.

Average transaction prices at vb&t have also increased. In Q3 2023, the average transaction price at vb&t Verhuurmakelaars was €1,251 per month. This has risen by nearly 7% to €1,337 per month in Q3 2024.