Amsterdam,
01
May
2018
|
13:31
Europe/Amsterdam

Record number of investments in Dutch real estate

Strong increase in transactions outside four major cities

The first quarter of 2018 shows record-breaking numbers of investments in Dutch real estate with an investment volume worth 3 billion euros. Figures published by real estate adviser CBRE show that the investment volume has never before reached these heights in the first quarter.

The investment volume grew by 5% in the first quarter compared to the same period of last year. At 56%, growth was strongest in the residential sector as compared to the first quarter of 2017. Investments in office buildings also increased significantly by 30% annually.

Growth of transactions in other regions

The increase in transactions outside the four major cities is striking. In the first quarter, no less than 50% of all transactions* took place outside the country’s four major cities of Amsterdam, Rotterdam, The Hague and Utrecht. This was only 34% in the same quarter of last year.

CBRE has noticed a market-wide rise in transactions. Compared to the first quarter of last year, the number of large deals dropped, but the number of medium-sized transactions increased in various regions.

Erik Langens, Executive Director Capital Markets
We see a growing interest among investors for cities outside of the Randstad conurbation. This is due on the one hand to a shrinking supply and sharply declining initial yields in the big cities. On the other hand, the increasing economic growth leads to a more attractive investment climate in more and more cities outside the Randstad area.
Erik Langens, Executive Director Capital Markets

Outlook for 2018

Bart Verhelst, Executive Director Capital Markets, CBRE
Our strong start to 2018 is in line with our January forecast. The remainder of the year promises to show strong investment activity as well. Due to the absence of extremely large transactions, we are expecting to see a total volume of 17-18 billion euros for 2018, just below the level for 2017.
Bart Verhelst, Executive Director Capital Markets, CBRE

* This does not include national portfolios where transaction can not be ascribed to a specific city.

About CBRE

CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2017 revenue). The company has more than 80,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers from more than 450 offices (excluding affiliates) worldwide. CBRE offers strategic advice and guidance in property sales and leasing; corporate services; property, facilities and project management; appraisal and valuation; development services; investment management; and research and consulting. Please visit our websites at www.cbre.nl and www.cbre.com.