In the most recent months this increase was also aided by a rise in purchases. In May 2009, foreign parties bought real estate in the Netherlands for EUR 171 million, the largest amount since October 2008. Sales dropped even further to a EUR 36 million low. For the second month in a row, net purchases therefore managed to show a slight recovery.
Germany is by far the most strongly represented country in the Dutch real estate market, accounting for nearly two thirds of total foreign-held property. It is followed at considerable distance by the United States and the United Kingdom, at 12 and 7 percent respectively.
According to the IMF guidelines, investments in real estate by non-residents are classified in the balance of payments as direct investment.