Strong demand for Dutch real estate is pushing investment to unprecedented levels and 2017 could end on a new record volume of €19 bn.
Dutch volumes for the first nine months of 2017 came to €4.5 bn, 60% higher than the same period last year, according to data published at Expo Real by PropertyNL - the Dutch-language sister publication of PropertyEU.
In all, €12 bn of Dutch real estate changed hands in the first three quarters of 2017, compared to €7.5 bn in same period last year.
PropertyNL Research has tracked deals totalling €500 mln in the Netherlands during the first few days of October. 'The market could end the year with an unprecedented volume of €19 bn if the fourth quarter follows the pattern set in the first nine months,' said Petra Kooijman, research director for PropertyNL and PropertyEU Research.
Sectors
Some €4 bn was invested in the Dutch office sector in the first nine months of 2017, compared with €6 bn for all of 2016.
PropertyNL Research recorded €1.77 bn of retail property investment during the first nine months of 2017, and it is predicted a few large deals could bring the full-year volume close to or even ahead of the FY 2016 volume of €2.17 bn.
The Dutch retail sector is recovering ground after the collapse of a number of high-profile retail chains in the last few years. Market watchers have repeatedly said investors are coming back to the sector and investment in retail property will rebound.
The industrial sector has already bypassed the 2016 result. Some €2 bn of logistics and industrial space changed hands this year, compared to €1.6 bn for all of 2016.
About €2.8 bn of residential assets traded from January to end-September this year (FY 2016: €3.6 bn). The hotel sector has seen the strongest growth, with the counter at €1 bn in the first three quarters, and increase of almost 200% on the €346 mln traded in 2016.
