Logistics and residential will remain safe havens for investors in the second half of 2021, and can therefore count on continuing interest.

Other sectors, most notably offices, retail and hotels, have performed less well during lockdown and shown only slight recovery in 2021Q2. This recovery will continue through the coming period on both the occupier market and the investment market. The Covid-19 restrictions imposed by the Dutch authorities will be slowly phased out, opening the door to higher consumer spending. In addition, the number of search requests from office occupiers is up, as companies start to gain a clearer picture of their future real estate needs. As risks in these gradually become identifiable and occupier markets become more dynamic, investors will soon follow. After all, the more activity there is among occupiers, the more interested investors will be. Assuming that the recovery of occupier markets continues, we can expect greater investment in these sectors in the coming six months than there was in the first half of the year.

The logistics investment market will remain the key driver for the remainder of 2021, with unabated interest from investors being amplified by development opportunities outside the traditional real estate ‘hotspots’. The residential investment market can still count on a high level of interest, but the amount of product on offer remains scarce. The recovery of the office, retail and hotel investment markets will lead these sectors to account for an increasing share of total investment volume in 2021. All the right ingredients are present for a positive end to the year in terms of investment volume.

Sources Brainbay database, Savills Research, Statistics Netherlands, Eurostat, Capital Economics, Vastgoedmarkt, Locatus, Savills Office Fit Report

Savills World Research We provide bespoke services for landowners, developers, occupiers and investors across the lifecycle of residential, commercial or mixed-use projects. We add value by providing our clients with research-backed advice and consultancy through our market-leading global research team

Clive Pritchard

Head of Country

+31 20 301 2031


Ellen Waals

Head of Agency

+31 20 301 2040


Bas Wilberts

Head of Residential & Hotel Investment

+31 6 55 47 49 60


Martijn Onderstal

Head of Valuation

+31 6 15 09 03 63


Jordy Kleemans

Head of Research & Consultancy

+31 6 11 08 36 54


Savills plc: Savills plc is a global real estate services provider listed on the London Stock Exchange. We have an international network of more than 600 offices and associates throughout the Americas, the UK, continental Europe, Asia Pacific, Africa and the Middle East, offering a broad range of specialist advisory, management and transactional services to clients all over the world. This report is for general informative purposes only. It may not be published, reproduced or quoted in part or in whole, nor may it be used as a basis for any contract, prospectus, agreement or other document without prior consent. While every effort has been made to ensure its accuracy, Savills accepts no liability whatsoever for any direct or consequential loss arising from its use. The content is strictly copyright and reproduction of the whole or part of it in any form is prohibited without written permission from Savills Research.

Alle inhoud © copyright 2021 Savills. Alle rechten zijn voorbehouden. Savills Nederland Holding B.V., opgericht en geregistreerd in Nederland. Gevestigd: Claude Debussylaan 48, 1082MD Amsterdam. KvK nummer: 33202244.