The economic growth in the Netherlands is still registering a strong performance, with an increase of 2.7% in 2018. Inflation increased to 1.6%. Export took a share of 40% in the total GDP growth of the country. Construction costs remain high, while labour force in the hotspots of the country is limited. The unemployment rate in the Netherlands is at a record-low figure with 3.8% in 2018.
The office occupier market registered a take-up of 640,000 sq m in the first half of 2019, which is 15% higher than the same period in 2018 and at a record-high level since 2008. Office investment volume registered EUR 1.9 billion during the first half of 2019, a decline of 39% compared to the same period in 2018. This is the direct result of limited office investment opportunities.
Consumer confidence is increasing during 2019 and since July once again positive (+2). Despite the growing economy and the increasing private spending, retail streets show a less positive performance. In the first half of 2019 there was EUR 800 million invested in retail property, which represents 10% of the total investment volume.
The take-up of industrial and logistic space registered 2.6 million sq m in the first half year of 2019, which is 32% higher than the same period in 2018. In the half of 2019, the investment volume for the industrial and logistics market registered EUR 1.3 billion, or 16% of the total investment volume.
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