According to Dutch Central Bank (DNB), economic growth for the entire year of 2023 (year-on-year) came in at 0.1%. A similar (zero) growth scenario is forecasted for 2024. The economic landscape in 2023 differed significantly from the previous year and feels like a turning point after the high post-COVID recovery growth in 2021 and 2022. During those years, the Dutch economy performed strongly, demonstrating resilience and adaptability. Despite a pandemic, rising inflation, an energy crisis, and ten consecutive interest rate hikes, the economy showed resilience and durability. In other words, we proved time and again to be able to adapt quickly to the challenges of our time.
The investment climate in recent years has been characterized by a high degree of volatility. In 2023, it is fair to capture market sentiment as a quest for stability or a search to grip. Last year, investors experienced the effects of exceptionally rapid increases in market interest rates and bond yields. As a result, a decrease in investment activity was already noticeable from the second half of 2022, which translated into a significantly subdued investment dynamic throughout the year 2023 due to excessive spreads between bid and ask prices. The investment volume amounted to EUR 9.0 billion (-46%).
Get the full Netherlands property market picture with all the market data by downloading the reports.
The Netherlands MarketBeat
Jos Hesselink • 15/02/2024
Cushman & Wakefield MarketBeat reports analyze Netherlands commercial property activity across office, retail and industrial real estate sectors including supply, demand and pricing trends at the market and submarket levels on a quarterly basis.
Current Marketbeats
Insights in your inbox
Subscribe to get our latest research, thought leadership, insights, and news.
Subscribe