IMF Working Papers

Real Estate in the Netherlands: A Taxonomy of Risks and Policy Challenges

By André Geis, Oana Luca

August 6, 2021

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André Geis, and Oana Luca. Real Estate in the Netherlands: A Taxonomy of Risks and Policy Challenges, (USA: International Monetary Fund, 2021) accessed December 21, 2024

Disclaimer: IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

Summary

Soaring real estate prices and valuations despite the economic downturn brought by the pandemic have focussed the attention of Dutch policymakers on potential macro-financial and socio-economic implications. In this context, our paper reviews the salient features of Dutch commercial and residential real estate markets with an eye to identify pertinent risks and challenges. While we find that the Dutch authorities have made considerable strides to strengthen real estate-related policies in recent years, some, and partly long-standing, issues remain, requiring additional efforts to bolster financial stability, address housing supply shortages and manage secular changes affecting property markets.

Subject: COVID-19, Financial institutions, Health, Housing, Mortgages, Mutual funds, National accounts, Prices, Real estate prices

Keywords: Address housing supply shortage, B. CRE market characteristic, COVID-19, CRE investment cycle, Global, Housing, Market development, Mortgages, Mutual funds, Property market, Real estate prices

Publication Details

  • Pages:

    23

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Working Paper No. 2021/206

  • Stock No:

    WPIEA2021206

  • ISBN:

    9781513589565

  • ISSN:

    1018-5941