The turnover in the Real Estate Activities sector in Belgium has experienced a general upward trend from 2013 to 2023, standing at €17.78 billion in 2023. There were dips in 2018 and 2020 due to economic fluctuations. The sector has shown resilience with a 5.03% CAGR over the last 5 years. Notably, 2022 and 2023 saw steady growth rates of 8.16% and 6.62% respectively. The forecast predicts continued growth up to 2028, with a CAGR of 2.88% and a forecasted growth rate of 15.25% over the next five years.
Future Trends to Watch For:
• Increased adoption of PropTech and digital innovation.
• Growth in sustainable and green building practices.
• Potential market corrections or slowdowns influenced by economic shifts or regulatory changes.
• Evolution of consumer preferences toward mixed-use developments and smart housing solutions.
