The epicenter of world diplomacy
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Located on the coast of Western Netherlands, The Hague is the capital of South Holland. It is the third-largest city of the Netherlands and is the most densely populated area of the country. This city is known by many as the “International City of Peace and Justice” due to its key role in international diplomacy. Its thriving economy and cultural diversity are just a few reasons of many that make it a good choice for real estate investment.
Culture, History, and Business
Having been a part of an ancient Roman province called Germania Inferior, The Hague has been around for a very long time. The end of the Napoleonic Wars in 1815 saw the formation of the United Kingdom of Netherlands, comprising what is now Belgium and the Netherlands. Belgium separated in 1830, and despite Amsterdam becoming the permanent capital, The Hague remained the administrative center of the country. By the early 20th century, this city had gained immense global importance due to its role in maintaining international order.
The Hague is recognized as one of the most graceful cities in the Netherlands. Its rich history has been perfectly preserved in the form of various museums, including the Mauritshuis, which is famous for its paintings from the 16th and 17th centuries. The city has two cultural centers, namely Binnenhof and Scheveningen. It has a vibrant and diverse culture consisting of an active nightlife and plenty of bars, restaurants, and gambling halls. Musical theater, cinema, and sports are also integral to the city’s lifestyle.
As the Netherlands’ governmental base, The Hague’s economy is primarily reliant on administrative services. Around 26 percent of the people in the city are employed by the federal government and international organizations as of 2006. However, the city is also home to some major multinational companies like Royal Dutch Shell, NIBC Bank, Siemens, T-Mobile, and many more. Tourism is a significant contributor to the economy as The Hague is the second-most popular Dutch vacation spot after Amsterdam.
Real Estate Appeal
The Hague is one of the most thriving Dutch cities in terms of real estate. The city’s flourishing economic and political prospects are showing great potential for the future. As an international leader in world diplomacy, the city has been growing in importance across the globe, resulting in an increased demand for properties. Prices are generally seen to be on an upward slope, having increased by 11.92 percent in the year preceding the first quarter of 2019. The same trend has since then followed, with an increase of 0.47 percent within the next quarter.
This city’s competent transport system and infrastructure greatly exemplify the Dutch government’s efforts to modernize and develop the country. Not only this, but the city’s vibrant culture and various events and festivals are celebrated each year. These factors add significant value to properties in the city, thus making it a worthy choice for investments.
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