Dutch real estate increasingly attractive
The company announced the news in a press release. In this statement, Klaus Schmitt, COO of PATRIZIA, explained the move: “In our strategy, the Netherlands is a core market where we want to expand on our involvement in the long term. The Dutch real estate market has become significantly more attractive recently. We are convinced the time has come for a stronger presence there.”
PATRIZIA’s move is consistent with other signals that interest in the Dutch real estate market by international investors is increasing. At the international day of Dutch real estate convention PROVADA’s 10th edition in June, expert panels highlighted the range of opportunities the Dutch property market has to offer to foreign investors.
British Financial Times also reported on the growing trend of international investors looking at Dutch real estate in 2013. The newspaper noted that the conditions in the Amsterdam Metropolitan Area are perfect for international cash buyers of properties: Amsterdam real estate is competitively priced at the moment, and the city hasn’t lost its charm for either tourists or international businesses.