The third quarter of 2022 marks the tipping point after the strong economic recovery that followed the coronavirus crisis.
Combined with high inflation, rising interest rates and tighter credit conditions, this will make the investment climate more challenging in the period ahead. The real estate investment market is seeking a new equilibrium.
Sellers in the logistics sector already appear to be adapting to buyers’ changing price expectations.
The logistics occupier market continues to perform well, making logistics real estate an attractive asset class. Assuming that interest rates stabilise in the next six months, we also expect the office market to show renewed investment momentum in the second half of 2023. The outlook for high-quality office space at prime locations is particularly favourable in view of the sustained demand among office users for this type of property. For residential investors, accommodation for target groups such as students or seniors offers opportunities. These segments still have solid fundamentals and are less sensitive to cyclical trends, enabling risks to be diversified.
Sources Statistics Netherlands, "CPB Netherlands Bureau for Economic Policy Analysis", De Nederlandsche Bank, ABN AMRO, PwC, DLA Piper
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