Market Update first quarter 2025

In Q1 2025, the Dutch economy continues to show stable y-o-y growth with an expected 1.9% GDP increase, supported by strong private consumption and wage growth. Inflation remains above the eurozone average, easing to 3.7%, while geopolitical uncertainties continue to pose sector-wide risks.

• Residential: Market rental values continued to rise, driven by tight supply conditions. Investor confidence rose, although regulatory and geopolitical uncertainties present risks.
  
  
• Farmland: The average agricultural land price rose further, driven by milk prices and improved farmer confidence. However, policy implementation challenges and costs weigh on overall sentiment.
  
  
• Offices: The G5-InterCity markets continue to outperform the rest of the market, seeing increased take-up and continuously low vacancy rates.
  
  
• Retail: The reletting of Blokker and Bristol could stabilise vacancy rates, which saw an increase. Investment volumes showed gradual growth amidst financial market volatility.
  
  
• Science Parks: Despite persistent geopolitical uncertainties, science parks continue to gain relevance. Continued investment activity at Leiden Bio Science Park and strategic alliances to accelerate deep tech innovation support this sector.