The value added of the real estate sector in Belgium has shown a steady increase from 2013 to 2023, reaching 42.3 billion euros in 2023. Overall, there was a significant annual growth from 2013 to 2019, with moderate fluctuations in the subsequent years. The year 2020 experienced a notable decline of 3.41% attributed to global disruptions, followed by a gradual recovery. In the years 2021 and 2022, growth rates improved, particularly in 2022 with an increase of 7.55%. The most recent data indicates a modest rise of 2.08% in 2023. The CAGR for the past five years reveals an average annual growth of 2.43%.
Forecast projections from 2024 onwards indicate continued growth, albeit at a slower pace, with a forecasted CAGR of 1.61% over the next five years. By 2028, the value is expected to reach approximately 46.69 billion euros, marking an overall growth rate of 8.31% from 2023.
Future trends to watch for include the impact of regulatory changes, shifts in investment patterns towards sustainable properties, and technological advancements in property management. These factors could influence the growth trajectory and add dynamic complexity to the market.
