In 2023, household expenditure on housing rentals in Belgium stood at 15.23 billion Euros. The forecasted data from 2024 to 2028 reveals a steady upward trend. According to the forecast, expenditure is projected to grow from 15.65 billion Euros in 2024 to 17.36 billion Euros in 2028. Year-on-year percentage variations show a consistent increase: 2.6% from 2024 to 2025, 2.7% from 2025 to 2026, 2.5% from 2026 to 2027, and 2.4% from 2027 to 2028. The compound annual growth rate (CAGR) over these five years is expected to be approximately 2.6%.
Future trends to watch include potential shifts in housing demands, economic conditions impacting rent prices, government policies affecting rental markets, and demographic changes that influence household formations. Keeping an eye on these factors will be crucial for accurately forecasting and understanding rental expenditure trends in Belgium.
