The total number of residential units stood at 27,482 at year-end 2020, an increase of 0.7% compared with year-end 2019. In 2020, we added a total of 426 homes to our investment portfolio, of which 425 new-build homes and one transformation unit.
At year-end 2020, 91% of the investment portfolio was located in Vesteda’s primary regions. This is slightly lower than last year, due to inflow of new-build homes into the investment portfolio that are located in a secondary region.
Acquisitions and property sales
Last year, the COVID-19 pandemic had a severe impact on both the Dutch economy and the global economy. So far, the residential (investment) market appears to still be a stable safe haven for investors in uncertain times.
The total theoretical rent at year-end 2020 amounted to €351 million, an increase of €21 million compared with year-end 2019 mainly due to the inflow of new-build home into the portfolio.