Amsterdam continues to performFor the second year in a row, Amsterdam, has scored among the top ten of Europe’s best cities for real estate investment prospects, according to a major new survey.
The 2016 version (PDF) of Emerging Trends in Real Estate Europe is the most recent edition of this annual survey, compiled annually by Price Waterhouse Coopers and the Urban Land Institute.
According to an investor quoted in the report, “Amsterdam is much bigger and more important than you see at first sight”. The Dutch capital, the report continued, is now firmly in the sights of a range of investors that includes international institutions.
Another Dutch interviewee in the report said that “Amsterdam still has yields higher than a lot of other cities. I think people believe that we still have some room for further growth.”
Residential is also a hot sector, with several interviewees citing it as an area with strong growth potential.
Amsterdam’s unique assets in high demandTwo key trends noted in the report are the desire to create unique experiences, and new forms of brand promotion. In the case of Amsterdam, this has led to the leasing of unusual spaces, and a focus on heritage buildings. Amsterdam’s Canal Belt district has attracted both well-established and upcoming companies to its 17th-century buildings. And Amsterdam’s “9 Straatjes” district, the report says, is fast gaining a reputation as Amsterdam’s best shopping hub.
At the annual EPRA (European Public Real Estate Association) Insight Amsterdam event held in Amsterdam on 18 January, Erik Langens, the executive director at real estate group CBRE, said the Dutch market is particularly well placed. Investors who "have been sleeping for some years now," he said, are waking up to the opportunities.