Kamernet Rent Report Q1 2024

• The Kamernet Rent Report for Q1 2024 shows that room and apartment prices increased by 5.1% and 1.9% year-on-year respectively.
• The ongoing supply-demand imbalance led to an average of 20 tenants responding to each available room, highlighting the need for housing expansion policies over restrictive ones.

Rotterdam, 23 May 2024 - The latest Kamernet Rent Report for the first quarter of 2024 highlights a rising trend in the prices of rooms and apartments advertised on Kamernet, one of the largest housing platforms in the Netherlands. Room prices increased by 5.1% year-on-year (YoY) in the first quarter of 2024, while apartment prices rose by 1.9%. The analysis included 43,765 listings comprising rooms, apartments, and studios. Nearly half of these properties were advertised by private owners, 38% directly by roommates, and nearly half were either unfurnished or uncarpeted, while the remainder were furnished. The report covers the most popular cities among students.

The data from Kamernet, part of HousingAnywhere, underscores a significant demand-supply gap, with each property attracting more potential tenants than in the previous year. In the first quarter of 2024, each available room averaged about 20.4 tenants reaching out to the advertiser, a 10.3% increase from last year. Similarly, apartments rose from 14.3 tenants reaching to the advertiser last year to 16.8 currently (17.5%).

Djordy Seelmann, CEO of Kamernet, stated: "As the gap between demand and supply continues to widen in the Netherlands, rent prices are climbing. The focus on punitive measures, such as the Affordable Rent Act, might dissuade landlords from keeping their properties on the rental market. It is essential to shift the focus towards policies that enhance housing availability. More sensible strategies, such as incentivising the conversion of existing spaces into residential units, would directly address supply issues and make a lasting impact on affordability. "

Among the 20 cities surveyed in the rooms sector, absolute rent prices in cities like Amsterdam (€951), Utrecht (€800), The Hague (€745), and Haarlem (€741) are notably high.

Haarlem tops the list in price per square meter at €51 indicating less value for renters' money. Next is neighboring Amsterdam, only 3 euros below.

Conversely, cities such as Wageningen, Enschede, and Leeuwarden offer more affordable living options, with room prices at €376, €381 and €404.

In some cities, the inventory of apartments in Kamernet is lower than the inventory of rooms, thus the Kamernet Rent Report provides a comprehensive analysis on apartment rent prices in 13 Dutch cities. Among these, Amsterdam topped the list at €2,056 on average, and Haarlem followed at €1,740. In contrast, cities like Leeuwarden (€867) Maastricht (€878) present more budget-friendly alternatives.

The report also covers studio rents at a smaller scale, as studios are a property type growing in popularity but still limited in availability. Amsterdam leads with an average rent of €1,396, followed by Utrecht (€1,198) and Rotterdam (€1,072). More affordable studio options are available in cities like Groningen and Enschede, with rents under €800.

About the Kamernet Rent Report Q1 2024

Over the past two years, Kamernet has published its annual Rent Report, now transitioning to a quarterly release with this being the inaugural edition.

The Kamernet Rent Report analyzes data from Kamernet, one of the largest housing rental platforms in the Netherlands. The available properties in Kamernet are primarily listed by private owners, real estate agents, and roommates listing their available rooms directly. The platform does not include properties offered by housing corporations, which as non-profit organisations generally have lower rental prices.

The Kamernet Rent Report Q1 2024 analyzed 43,765 properties including 32,303 rooms, 8,786 apartments, and 2,676 studios, listed from Q1 2023 to Q1 2024.

• 46.7% of these properties were listed by private owners, 37.5% by roommates, 9.9% by real estate agents, and 5.9% by others.
• 52.1% of the properties were furnished, 35.9% unfurnished, and 12% uncarpeted.

Rent prices and square meter prices are calculated based on the data provided by property providers when listing on Kamernet. The absolute rent price of a city is calculated by an average. The price per square meter is calculated by dividing the average absolute price of a property type by the average size. In the case of rooms, the price per square meter is calculated by dividing the average absolute price by the average size of the room.

Aiming to provide a robust dataset per each property type, cities with less than 30 units in a quarter were excluded from the report. These are the cities analyzed per property type:

Rooms (20 cities): Amersfoort, Alkmaar, Amsterdam, Breda, Delft , Den Bosch, Den Haag, Ede, Eindhoven, Enschede, Groningen, Haarlem, Leeuwarden, Leiden, Maastricht, Nijmegen, Rotterdam, Utrecht, Wageningen, Zwolle.

Apartments (13 cities): Amsterdam, Den Bosch, Den Haag, Eindhoven, Enschede, Groningen, Haarlem, Leeuwarden, Leiden, Maastricht, Nijmegen, Rotterdam, Utrecht.

Studios (6 cities): Amsterdam, Den Haag, Enschede, Groningen, Rotterdam, Utrecht.

About Kamernet

Kamernet - founded in 2000 - has been one of the largest rental platforms in the Netherlands for tenants and landlords for more than 20 years, with approximately 60,000 properties offered each year. Since 2021, Kamernet is part of HousingAnywhere. Kamernet is aimed at students and young professionals looking for a place to kickstart or continue their independent lifestyle. Kamernet brings supply and demand together throughout the Netherlands by understanding the needs of its users and offering the smartest options for renting a room, studio or apartment on our website. Kamernet is not a broker, provider, mediator of the landlord of the houses, but a neutral online platform.

Note for the press

For more information, please contact pers@kamernet.nl