From 2013 to 2023, household expenditure on housing rentals in the Netherlands has shown modest fluctuations. The initial values remained steady at 2.7 units of GDP until 2018, followed by a slight dip to 2.6 in subsequent years, except for a spike to 2.8 in 2020. By 2023, the expenditure stabilized at 2.5 units of GDP. Year-on-year variations showed occasional increases and decreases, peaking at 7.69% in 2020 and dropping to -7.14% in 2021. Over the last five years, the average CAGR was approximately -0.78%, indicating a general decline in this expenditure as a share of GDP.
Future trends to watch for include:
- The stabilization of household expenditure on housing rentals at 2.5 units of GDP from 2024 to 2028, indicating a steady state.
- Potential influences from economic policies, housing market regulations, and macroeconomic conditions that could disrupt this stable trend.
- Impact of inflation and changes in household income that may affect affordability and spending on housing rentals.
- Technological advancements and urbanization trends which might shift housing demand and rental prices.
