The production value of real estate in Belgium for 2023 stood at 17.41 billion Euros. Analyzing the year-on-year variations, the sector showed a decline of -11.31% in 2020, followed by a recovery with growth rates of 8.34% in 2021, 8.42% in 2022, and 6.83% in 2023. Over the last five years, the compound annual growth rate (CAGR) averaged 4.87%, indicating a stable growth trajectory.
Looking ahead, forecasts predict the production value will rise consistently, reaching 20.97 billion Euros by 2028, maintaining an anticipated CAGR of 2.95% from 2024 onwards. Key trends to watch for include the impact of economic cycles, government policies on real estate, and evolving consumer preferences driven by remote work and sustainability considerations.
