2020 named third-best year ever in the Dutch real estate market
2020 was the third-best year ever in the Dutch real estate market, as volume fell by just 17 percent from its record-breaking level in 2019, according to CBRE.
About €17.9 billion ($21.7 billion) was invested in real estate in the Netherlands, despite the coronavirus pandemic. That is just a 17.2 percent decline compared with record-breaking year 2019 (€21.6 billion/$26.22 billion), a much smaller drop than expected. In fact, 2020 itself broke records in logistics real estate, with an investment volume of €4 billion ($tk billion, up 62.8 percent from 2019). The hotel and office markets performed significantly less well. These are the findings of a market analysis carried out by real estate adviser CBRE The Netherlands, published in its yearly Real Estate Market Outlook. The market and the wider economy are expected to recover in 2021, pushing the total investment volume up to approximately €19 billion ($23 billion), an increase of around 6 percent on the 202