Between 2013 and 2023, the output of real estate in the Netherlands exhibited steady growth, increasing from 72.07 billion euros in 2013 to 103.85 billion euros in 2023. The initial growth from 2013 to 2019 was strong, with an annual CAGR of approximately 5.37%. However, in 2020, the output saw a decline of 3.93%, attributed to the COVID-19 pandemic. The industry rebounded modestly in 2021 with a 1.98% increase, followed by a more significant rise of 7.26% in 2022, and a more tempered increase of 1.83% in 2023.
If we consider the outlook for the forecasted period (2024-2028), the growth rate is expected to moderate, with a forecasted 5-year CAGR of 1.43%. By 2028, the real estate output is projected to reach 113.29 billion euros, indicating a total forecasted growth rate of 7.35% over the five years from 2024 to 2028.
Future trends to watch for include the impacts of technological advancements in real estate management, sustainable building practices, and potential regulatory changes aimed at housing affordability and energy efficiency. These factors could significantly influence the growth trajectory of the real estate market in the Netherlands.
