Despite the ongoing health crisis, 2020 proved to be an excellent year for the Netherlands’ real estate investment market.
Savills’ director and head of acquisition Jordy Diepeveen said that although the roughly €18 billion investment volume for the year was 10% down on 2019, from a historical perspective it was still very high.
As expected, in terms of property sectors there are winners and losers, Diepeveen told Real Asset Media’s Richard Betts. Logistics was the biggest winner and residential performed well and both have a bright outlook.
“The retail market was surprisingly stable in terms of investment volume,” he added. Convenience retail, supermarkets and retail parks were most in demand. “The high street is less favoured but with corrected pricing we have seen that deals are possible.”
Offices were the most affected by the crisis with volumes 40% down, but there too there are clear distinctions to be made in line with the respective segment of the market.
Click on the video above to watch the full interview or listen to the podcast below.