Analysis of the turnover of real estate in Belgium indicates a consistent upward trend from 2013 to 2023, rising from €10.77 billion to €17.78 billion. The sector experienced notable fluctuations, including a decline in 2018 and 2020, but rebounded strongly in subsequent years. The year-on-year percentage change reflects these variances, with a remarkable 13.64% growth in 2019, countered by a -10.94% drop in 2020 due to the pandemic, followed by a recovery phase culminating in a 6.62% growth by 2023. The CAGR over the last five years stands at 5.03%, indicative of steady growth.
Future trends to watch for in the Belgian real estate market include potential impacts of economic policies, changes in interest rates, and evolving consumer preferences. The forecast indicates continued growth, with an expected turnover of €21.33 billion by 2028. Close attention should be paid to market dynamics such as sustainability trends, urbanization patterns, and technological advancements in real estate transactions.
