IPD Property index Netherlands points to recovery
The IPD Netherlands Quarterly Property Index for the third quarter points to a growing improvement of the Dutch housing market, as Q3 total directly held property investments returned 1.4%.
The index tracks performance of 2,637 property investments, with a total capital value of over €22bn as of September 2014.
Total returns over the last three months showed the strongest improvements in the residential sector (1.7%), followed by office buildings (1.4%) , while returns in the industrial property sector improved more slowly (0.5%).
The Dutch property market has faced challenges in the aftermath of the 2008 crisis as housing prices collapsed. However, the latest figures released by the Dutch Association for Estate Agents (NVM) confirm that recovery in the housing market is gaining pace as the average sales price of a residential house in the Netherlands increased by almost 4% YoY.