Vesteda Housing Market Indicator recovers to 7.2
For the first quarter of 2021, Vesteda values market conditions for residential investors in the Netherlands with a 7.2. This is an increase of 0.5 compared to the third quarter of 2020.
The increase of the HMI is mainly caused by the economic drivers: inflation is picking up again and the unemployment rate is low. The Dutch economic rescue package seems to work, although Covid-19 still affects our daily lives. The recovery of the economy is fragile, as evidenced by a negative consumer confidence among other things. Meanwhile, the housing market remains in full swing. Price levels on the owner-occupier and rental market are still rising, mainly as a result of scarcity. Only the high rental segment is showing an easing trend on the demand side.
A few changes
Since the beginning of this year two out of three sustainability drivers are changed. ‘Energy label’ has been replaced by ‘CO2 emissions’ and ‘green energy’ became ‘renewable electricity’. CO2 emissions dropped massively in the last year, while the production of renewable energy increased enormously.