Dutch real estate investment market recovers in 2025

In 2025, the Dutch real estate investment market experienced a robust recovery, with total investment volumes reaching €14.5 bn, marking a 19.1% increase from 2024. 

Clive Pritchard

This surge, particularly at year-end due to institutional investor re-engagement, sets a positive tone for 2026.
Notably, this investment rebound outpaced the recovery in occupier markets, a deviation from the usual pattern where investor confidence typically follows strengthening occupier demand. This suggests a market increasingly driven by capital.
Stabilised pricing, yields, and more predictable financing conditions are empowering investors to make strategic moves earlier in the market cycle, even before a clear recovery in leasing activity is evident.
Savills observed a change in deal structures in 2025, with an increase in both smaller transactions and significant institutional acquisitions. The share of transactions over €50 mln rose to 49.4% of total volumes, indicating renewed investor confidence and a return of larger deals.
Conversely, occupiers remained cautious and highly selective due to macroeconomic and geopolitical uncertainties, resulting in lower leasing activity. Despite this, median rents across most sectors still saw increases of approximately 2% to 7%, highlighting underlying market pressure despite slower transactional dynamics.
Clive Pritchard, head of Country at Savills Netherlands, commented: “The year-end surge in 2025 demonstrates that capital is returning. With more stable financing conditions and improved price alignment, the recovery is gaining momentum. The investment market is ahead of occupier markets, setting the tone for a steady and sustained improvement in 2026.”
Wouter van ’t Grunewold, Market Intelligence analyst at Savills, added: “The strong year-end recovery in investment volumes shows that capital is already positioning for the next market cycle. Investors are moving forward on the back of stable pricing and predictable financing conditions, while the occupier market remains in a wait-and-see mode. This early momentum provides a solid foundation for further growth in 2026.”
Savills expects the Dutch real estate market to strengthen further in 2026, with total investment volumes projected to exceed €16.5 bn, supported by stabilising market fundamentals and renewed institutional allocation appetite.