Netherlands Real Estate Market Outlook 2025

Foreword

Dear reader,

Welcome to the Real Estate Market Outlook 2025. In this report, we examine the key developments in the real estate investment market. We reflect on 2024 but primarily look ahead to what this year has in store for us.

Soft landing

As we predicted at the beginning of 2024, we entered calmer waters last year. Interest rates fell and the economy grew. But above all, hesitancy in the real estate investment market gradually gave way to acceptance of lower pricing. This became particularly visible in the last quarter, marking the cautious beginning of a new period.

The only way is up

As some investors finally accepted the new price level, they also encouraged others to sell. In other words, the bottom of the market has been reached, and recovery has begun. Initially, this attracted mainly opportunistic investors. These will gradually be followed in the coming year by investors who have a strategy with a longer investment horizon – such as institutional investors.

Everything indicates that the positive trend will continue into next year. In 2025, inflation rates will fall further, the economy will continue to grow, and there will be sufficient liquidity in the market. The upward trend is not immediately grand and compelling, and some uncertainty will remain. But one thing is certain: market dynamics are returning. We are clearly at the beginning of a new cycle.

Momentum returns

The coming year presents clear opportunities, particularly in the living and office investment markets. Now that the bottom has been identified, there are few reasons for investors not to enter the market. Evidence of this has already been gradual, and we expect it to materialise in 2025.

We look optimistically ahead to a year full of promising developments in a new investment cycle. We hope that our Market Outlook helps you with your investment strategy for 2025.