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Patient, but never passive
The projected economic slowdown came to pass in 2023, impacting the Dutch residential real estate market. The trend of negative revaluations, which initially emerged in 2022, persisted throughout the year.
The Dutch economy
By early 2022, the economy had hardly recovered from the COVID-19 pandemic when the war in Ukraine increased uncertainty in the world.
The Dutch economy
Since the end of the Covid-19 pandemic in late 2021 and the start of the war in Ukraine in early 2022, the inflation rate has increased significantly, exceeding 10.0% in the second half of 2022.
The Dutch residential market
The current housing shortage is approximately 315,000 homes (Primos, 2022), which amounts to 3.9% of the total housing stock.
The Dutch residential market
The current housing shortage is approximately 390,000 homes (Primos, 2023), which is 4.8% of the total housing stock.
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