Pieter Jager over transparantie
The StiVAD (Real Estate DataFoundation) initiative by the largest Dutch real estate owners has now reached about 20% coverage of the €5.4bn in deals that were completed in the Netherlands last year. The foundation was set up in 2011 to provide a comprehensive transactions database targeting complete transparency in the domestic investment market.
StiVAD is being closely monitored by financial regulators and the market as the ultimate goal is to move to transactionbased indices from ones using appraisal values. Potentially, it will transform the Dutch real estate investment landscape by underpinning confidence in price and asset data, thereby boosting liquidity and ending the conflicts of interest inherent in the combined valuer and advisory roles of agents.