Based on the forecasted household expenditure on housing rentals in Belgium, the value is expected to rise consistently from 1.33 thousand euros per capita in 2024 to 1.48 thousand euros per capita in 2028. In 2023, the actual expenditure stood at 1.29 thousand euros per capita. The year-on-year variations show a steady increase of approximately 3% annually. Analyzing the data over the last two years, the increase is in line with the overall trend observed in the previous years. The compound annual growth rate (CAGR) for the period from 2024 to 2028 is around 3.42%, indicating a consistent upward trend in household expenditure on housing rentals.
Future trends to watch for include potential impacts of inflation on rental prices, changes in housing policies, and shifts in housing demand due to population growth or decline. Another crucial factor to monitor would be economic conditions that could affect household incomes and housing affordability.
