The outlook for 2017



Economic growth and low interest rates will help increase consumer spending and investments

Higher purchasing power

Global developments such as terrorism and refugee flows create a climate of uncertainty


Drop in unemployment

High consumer confidence

Uncertain international economic situation due to factors such as the new US President, Brexit and elections in several European countries


Increase in inflation and long-term interest rates

Rental market

Shortage of houses in the mid rental segment, especially in strong regions

Segment above € 1,000 remains a (regional) niche market outside strong urban areas

Long-term perspective of shrinking regions


Qualitative living requirements (increase in singles and retirees)

Production construction sector is gaining pace

Relatively low inflation limits annual rental growth


Housing corporations are increasingly focusing on their primary task and allocate houses according to strict criteria (houses with a rental cap)


Liberalisation limit has been frozen


Increase in the number of target groups looking to rent


Owner-occupier market

Economically strong regions recover more strongly and see more value growth than other regions

Number of households with negative equity is falling

Mortgage rules will be tightened even further


Low interest rates


Investment market

Interest from private investors makes complex sales easier

Limited supply of complexes and portfolios from housing corporations

Competition from foreign investors with different risk/return profile


Competition from institutional and private investors