Provada, the annual property fair to be held in Amsterdam from 5-7 June, is swimming against the tide at a time when most international real estate fairs have seen visitor numbers drop since the onset of the global financial crisis.
Provada, the annual property fair to be held in Amsterdam from 5-7 June, is swimming against the tide at a time when most international real estate fairs have seen visitor numbers drop since the onset of the global financial crisis.
Since its debut in 2005, the fair has seen both the surface area and the number of visitors rise sharply. In 2011, the surface area totalled 20,000 m2 compared to 5,000 m2 in 2005, while the number of visitors had grown almost fivefold to 23,000.
This year’s event has drawn 20 new names including Deutsche Hypo. After a year of absence, the German bank will share a stand this year with Colliers International. Deutsche Hypo is one of the few international names at the fair: the vast majority including the newcomers are Dutch. All in all, the number of financiers has shrunk significantly since the boom years.
At its inception, Provada made good use of the network of Bouwfonds Property Finance which is now being phased out under its new parent SNS Reaal. A slimdown is also being seen in the development sector. With the Dutch market losing ground internationally, the repercussions are being felt not only among providers of financial services, but also in the fiscal and legal sectors.
However, a number of new players are emerging in the investment market with institutional status such as the Chalet Group and Ping Properties.
PropertyEU will be reporting live from Provada together with sister publication PropertyNL.