Employees Rejecting Job Offers - Amsterdam Rental Market

Introduction

Statistics in Amsterdam show that an increasing number of people are rejecting job offers due to issues finding accommodation in Amsterdam, including our serviced apartments.

Every week we come across increasing numbers of companies dealing with one common hurdle—looking for employees willing to relocate to Amsterdam who are met with a significant housing crisis. This issue is embedded in a persistent housing crisis that has cast a shadow over the city. Imagine this: in 2022 alone, the cost of renting increased by 12%, leaving the average tenant paying 17 euros per square meter per month. Considering how compact most Amsterdam homes are, it’s a steep price to pay. Adding fuel to the fire, Amsterdam’s expat community has amassed over 100,000 individuals, averaging about 12% of the city’s total population. The severe shortage of housing is now becoming a full-blown crisis, not only affecting employment opportunities but triggering more challenges for our international community.

Living Conditions and Accessibility in Amsterdam

Expat Insider is a valuable resource for expats worldwide, providing important insights into life abroad. Their annual "Expat Index" provides a reliable index of expat experiences in different countries by considering factors such as living conditions and accessibility. These findings come from a survey of a group of migrants in each area, measuring their satisfaction with a range of factors including housing, daily living and language difficulties

The Netherlands has consistently shown a commendable performance in this index, securing a place in the top ten by 2022.

Expats face difficulties when applying for accommodation

However a closer look at housing standards reveals a less promising situation, especially in Amsterdam. In European terms, Amsterdam ranks 49th out of 52 cities, near the bottom. This is a somewhat troubling statistic, especially considering the reputation of the Netherlands as a magnetic European destination for immigration. Notably, 100,000 migrants live in Amsterdam alone. The seriousness of this issue is supported by the fact that a significant portion (56%) of these expats face difficulties when applying for Dutch accommodation. An even larger (69%) describe Dutch housing as financially unaffordable.

Employees are dissuaded from relocating to Amsterdam

This finding is supported by our own data, as we frequently interview firms that are unable to facilitate their employee relocation. In such cases, about 7% of expats are dissuaded or prevented from relocating due to the housing situation in Amsterdam, including lack of options for monthly rentals.

Consequently, this crisis set up a frustrating chain reaction, which ultimately affected Amsterdams middle housing market - a segment crucial for maintaining a balanced housing ecosystem. Regrettably, this has spawned a scenario where housing costs have escalated to exorbitant levels, or alternatively, where rental accommodations fail to meet even the most basic living standards.

Conclusion

Amsterdam's ongoing housing crisis, with its growing debt and lack of homes, has turned into a bigger problem than just housing. The city is still attractive to expats, but the difficulty in finding a place to live is causing problems. More newcomers are facing fewer job opportunities or even job rejections because they can't find suitable housing. Sadly, this situation not only hurts individual dreams but also stops the city from benefiting from the skills and ideas that immigrant workers bring, leading to the rejection of many job offers. This highlights the urgent need for combined efforts to solve both housing and employment issues, as well as to improve overall quality of life.

City Retreat provides a solution with our unparalleled service within the serviced apartments we provide in Amsterdam.