There's always implied demand as populations continue to grow. But this doesn't turn into an actual buyer during times of economic uncertainty. Thus, a deficit builds up.
You will drag along this deficit into the future, it has a vast impact on supply and thus price. And this is about to happen again. The Netherlands needs about a million new homes built by 2030 to meet projected demand based on population growth. A logistically impossible task even in good economic conditions. Thus a deficit in supply will remain and even grow.
You will drag along this deficit into the future, it has a vast impact on supply and thus price. And this is about to happen again. The Netherlands needs about a million new homes built by 2030 to meet projected demand based on population growth. A logistically impossible task even in good economic conditions. Thus a deficit in supply will remain and even grow.