The production volumes of real estate in Belgium experienced fluctuations from 2013 to 2023. In 2023, the actual production volume stood at 54.04 billion Euros, reflecting a modest 1.42% year-on-year growth. The period between 2022 and 2023 showed a significant 6.81% increase in production volumes. Looking back over the last five years (2018-2023), the compound annual growth rate (CAGR) was around 1.6%, indicating a stable yet modest upward trend.

Future forecasts suggest continued growth in production volumes, with an estimated 5-year CAGR of 1.12% from 2024 to 2028, resulting in a progression to 57.82 billion Euros by 2028. Despite occasional dips, such as the -3.96% decline in 2020, the overall long-term trend has shown resilience and steady growth.

Trends to watch for in the future include: