The Dutch real estate investment market is explored in this paper. Researchers used a bottom-up approach to determine the market size based on public information on real estate assets and transactions. Dutch institutional investors are shifting from direct real estate holdings to more indirect and international investments. The total market size is important for coverage of IPD indices and for the weight of Dutch real estate returns in European and global indices. International investors are interested in the total real estate investment market figures, especially in large and liquid markets.