Real estate investment in both Belgium, Netherlands and Luxembourg hit a new record in the first half of 2007, according to research from Jones Lang LaSalle. Belgium saw EUR 2.3 bn invested by the first six months of the year, an increase of 35% on the same period in 2006. In Luxembourg, total investment has so far reached EUR 1.5 bn, which compares to EUR 1.23 bn for 2006 as a whole. Luxembourg currently boasts one of the lowest vacancy rates in Europe, down at 3.5% from 4.2% last year.
Real estate investment in both Belgium, Netherlands and Luxembourg hit a new record in the first half of 2007, according to research from Jones Lang LaSalle. Belgium saw EUR 2.3 bn invested by the first six months of the year, an increase of 35% on the same period in 2006. In Luxembourg, total investment has so far reached EUR 1.5 bn, which compares to EUR 1.23 bn for 2006 as a whole. Luxembourg currently boasts one of the lowest vacancy rates in Europe, down at 3.5% from 4.2% last year.
The Netherlands also saw a record EUR 6.6 bn invested in the first half as large single-asset sales and portfolio deals boosted volumes. Across the Dutch cities of Amsterdam, Rotterdam, Utrecht, The Hague and Eindhoven office rents are rising and supply is falling. Greatest reductions in vacancy percentages occurred in Amsterdam (from 16.7% to 13.3%) and The Hague (from 6.7% to 5.1%).
