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Amsterdam, November 7th 2023 -- BNP Paribas Real Estate has its sights set on the future. While the changing property market presents challenges, the company also sees opportunities. CEO Rick Niemeijer explains how BNP Paribas Real Estate is responding.

In 2023, property market transactions were so far down seventy percent compared to a year earlier. Though significant, this is hardly surprising, says BNP Paribas Real Estate CEO Rick Niemeijer, given the transfer tax increase and higher interest rates. “Still, there is a knock-on effect on the whole market, from investors to property developers to real estate advisors like us.

Below is BNP Paribas Real Estate's response to Het Financieele Dagblad's (FD) article of 12 October 2023. The newspaper says it has received three gigabytes of data from a whistleblower covering the period 2009 to 2020.

 

The drop in gas prices, the decline in headline inflation and the improvement of survey data in December are giving the impression that for the Eurozone, 2023 might be better than expected. However, it is most likely that in twelve months’ time we will…

With a total of € 44.2bn invested over the last 12 months, investment in retail assets in Europe continues to rally. This significant increase of +20% is higher than for offices (+10%) or logistics (+17%).