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Netherlands Market in Minutes Q2 2026

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An overview of the key developments in the Dutch real estate market in the second quarter of 2026

The Dutch real estate market has largely absorbed the European Central Bank’s interest rate increase in June. While the macroeconomic and geopolitical environment remains volatile, confidence among both investors and occupiers is improving. Investment volume reached €7.1 billion in H1 2026, up 23.9% year-on-year, while occupier activity also strengthened significantly.

At the same time, differences within the market continue to become more pronounced. Investors are focusing on sectors with strong fundamentals, while occupiers are increasingly concentrating their demand on high-quality, sustainable buildings in prime locations. Quality, location and future-proofing remain the key differentiators across the Dutch real estate market.

Key findings

  • Investment volume increased by nearly 24% in the first half of 2026: Total investment volume reached €7.1 billion in H1 2026, representing a 23.9% increase compared with the same period last year. Logistics and offices were the main drivers of this growth.

  • International investors are becoming more active in the Dutch market: Foreign investors accounted for 40.4% of all acquisitions in the first half of the year, up from 26.9% a year earlier. Residential assets, PBSA and logistics continue to attract the strongest international interest.

  • Interest rate increase has had limited impact on market sentiment: The ECB’s rate increase was widely anticipated and largely priced into the market. Prime net initial yields remained stable in Q2 2026, while the gap between buyer and seller expectations continued to narrow.

  • Occupier market continues its recovery: Total take-up reached 1.7 million sq m in Q2 2026, an increase of 74.6% year-on-year. Over the first half of the year, take-up volumes were 24.6% higher than in H1 2025.

  • Logistics recorded the strongest rebound: The logistics sector benefited from the release of previously postponed accommodation decisions. Take-up increased by 98% year-on-year, with occupier demand remaining concentrated around established logistics hubs.

  • Quality remains the key driver of performance: Across virtually all sectors, demand continues to focus on high-quality, sustainable buildings in prime locations. This is contributing to declining availability of best-in-class assets, while secondary stock faces increasing pressure.