Market Update third quarter 2024

The Dutch economy is expected to continue to grow in the third quarter of 2024. The labour market continues to be tight, and real wage growth is anticipated to remain positive, even with an expected rise in the unemployment rate. Inflation in the Netherlands differs from the broader European trend, showing only a slight decrease in the third quarter and remains above 3%. As inflation in Europe is gradually declining towards the 2% target, the ECB reduced its deposit facility rate by 25 basis points twice in September and October to 3.25%. The gap of the main refinancing operations rate to the deposit facility was also reduced by 35 basis points, bringing it to 3.40% in October.

What does this mean for the various real estate market segments? Read more about it in the Q2 2024 real estate market update from a.s.r. real estate.