Investment in commercial real estate in the Netherlands fell by 39 percent in April compared with the same month in 2019. The huge drop is being blamed on the impact of the coronavirus, according to CBRE, which collected the figures. The hardest hit sector has been hotels, whose earnings per room have fallen by more than 30 percent in Amsterdam and by 25 percent nationwide.
Ironically, hotel investment deals peaked at the end of last year. However, CBRE predicts that home sales in the Netherlands will remain relatively strong due to continued population growth, lack of housing and historically low mortgage rates. Although the value of sales decreased by 35 percent compared to 2019, it’s still higher than in 2018.
