The real estate output in Belgium exhibited a generally positive trend from 2013 to 2023, with values increasing year on year despite some fluctuations. By 2023, the output stood at 56.33 billion Euros. Notable variations occurred, such as a decline in 2014 and a minimal increase in 2020, likely impacted by global economic conditions. Over the past two years, growth has been steady, with a 2.21% increase in 2022 and a 2.14% increase in 2023. The 5-year CAGR up to 2023 shows an average annual growth rate of 1.83%.
Looking ahead, the forecasted data indicate a continued upward trend with a 5-year CAGR of 1.53% from 2024 to 2028, suggesting moderate but stable growth. The overall growth rate for this period is projected to be 7.91%.
Future trends to watch for include:
• Potential impacts of economic fluctuations and policy changes on real estate demand.
• Technological advancements and their influence on the real estate market.
• Demographic shifts and urbanization trends.
