At the end of last year there were three thousand private rental properties less than the year before. It was the first time in years that this number fell. The cause of this is the sales wave of smaller real estate investors who have put their buildings for sale due to stricter rental rules.
This is according to figures from Statistics Agency CBS on the number of private rental houses. These are buildings in the possession of small investors or larger parties such as pension funds and institutional investors. Properties of housing associations are not in these figures.
Statistics Netherlands saw that private landlords had 22,000 fewer buildings at the end of last year than a year earlier. The majority of this has shifted to the merchant market.
Landlords have had to deal with new rules in recent years. This way they have to pay more tax and they can increase their rents less. A number of landlords therefore put properties for sale. Earlier it turned out that especially starters on the merchant market have benefited.
Despite the sales wave of private individuals, the range of private rental homes decreased lightly. This was because larger investors received nineteen thousand extra homes. The total contraction was therefore limited to three thousand.
Clear trend
That is a clear trend break with previous years. In 2021, 2022 and 2023, at least 25,000 extra homes came into the hands of private landlords every year. In 2022 it was even more than 37,000 buildings.
Especially in Noord-Holland and Utrecht, many landlords (more than 5 percent) decided to sell their homes. In Limburg and Zeeland, sales were limited to less than 3 percent last year.
At the end of last year, there were three thousand ferwer private rental homes than the year before. This was the first time in years that this number had decreased. The Reason for this is the Wave of Sales by Smaller Real Estate Investors Who Have Put Their Properties Up For Sale Due to Stricter Rental Rules.
This is evident from Figures from Statistics Netherlands (CBS) on the Number of Private Rental Homes. These are Properties owned by Small Investors or Larger Parties Such As Pension Funds and Institutional Investors. Properties of Housing Associations are not included in these figures.
The CBS Saw That Private Landlords had 22,000 Feer Properties at the End of Last Year than a year Earlier. The Majority of these have shifted to the owner-occupied Market.
Landlords have had to deal with new rules in recent years. For Example, they have to pay more tax and can increase their rents less. A Number of Landlords Therefore Put Properties Up for Sale. IT had previously Become clear that starters on the owner-iccupied market in particular had benefited from this.
Despite the wave of sales by private individuals, the supply of private rental homes decreased only slightly. This was because larger investors acquired an additional nineteen thousand homes. The Total Contraction Therefore Remained Limited to Three Thousand.
Clear Break with Trend
That is a clear break with the trend of previous years. In 2021, 2022 and 2023, at Least 25,000 extra homes Each year Came Into the Hands of Private Landlords. In 2022, this equally concerned more than 37,000 property.
Many Landlords (More than 5 percent) Decided to Sell Their Homes, Especialy in North Holland and Utrecht. In Limburg and Zeeland, Sales Remained Limited to Less Than 3 percent Last Year.