Changes 2024 rent and renting

As the new year has started, it is also clear what changes will apply to the rent and renting segment:

• Liberalization limit increases to € 879.66 which equals 148 points
• From most likely July 1, 2024 ban on temporary rental contracts
• Maximum rent increase in 2024 of 5.8% or 5.5%

They are explained in a bit more detail below.

 

New Liberalization Limit

As of January 1, 2024, the liberalization limit for rental housing will increase to €879.66, which corresponds to 148 points. This change has far-reaching implications for homes that were previously considered liberalized homes with 136 points. The required number of points now rises to 148, creating a risk that homes that were previously free sector homes may end up in the social sector in the new year.

It is important to understand that this annual increase is separate from the Affordable Rent Act, which also aims to raise the liberalization limit. This change could have a significant impact on the management of your property portfolio.

 

Fixed Rent Act

Starting next spring, indefinite-term fixed leases will become the norm. Previously, landlords were allowed to offer contracts of up to two years, but as of July 1, 2024, this will no longer be allowed. About 60 percent of new leases in the private sector are currently temporary in nature. It is important to note that this law only applies to leases entered into after July 1, 2024. However, temporary rentals will still be possible under the Empty Homes Act, through target group contracts or as vacation rentals. These changes in legislation highlight the importance of understanding and navigating the dynamics of the rental market.

 

Maximum Rent Increase

In 2024, the maximum rent increase for the regulated sector is 5.8%, while for free sector housing the maximum rent increase is 5.5%. These changes are based on inflation and wage trends. It is essential to consider these percentages when planning rent adjustments in the coming year. An in-depth analysis of market trends can help you make strategic decisions and maintain competitive advantage.

If you have any questions and would like to know how this may affect your rental property? Please contact our office and we will assist you further.