Over the last decade, the turnover of buying and selling of own real estate in Belgium has shown significant growth. In 2023, the value reached 4.01 billion euros. This represents a remarkable year-on-year increase of 14.45%. Recent trends indicate a strong upward trajectory with an average annual growth rate (CAGR) of 11.2% over the past five years.
Key points of growth:
- 2017 saw a major jump with a 28.01% increase.
- 2020 experienced a decline of 14.65% due to unprecedented circumstances but subsequently recovered.
- Post-2020, the market rebounded strongly with significant increases in 2021 and 2022.
Looking ahead, from 2024 onwards, forecasted data indicate continued growth with a 5-year CAGR of 6.2% and an anticipated overall increase of 35.1% by 2028.
Future trends to watch:
- Impact of interest rate fluctuations on real estate investment.
- Potential market saturation and its effects on growth rates.
- Influences of economic policies and real estate regulations.
