The European living sector ended the year 2021 on a record high-note with total transaction volumes exceeding €100BN for the first time. Residential is now the most invested property type in Europe.
In Belgium, this asset class is increasingly sought-after by investors, both national and international ones. A robust demographic growth, changing lifestyles’ patterns, rising purchase and rental prices are amongst the key drivers for growing interest in the residential market.
However, important challenges emerge. Next to current economic and geopolitical uncertainties, sky-high inflation and rising interest rates, the residential stock is ageing in Belgium. There is a need to adapt to new environmental standards to reach the EU objective of carbon neutrality by 2050.
There is also a need to deliver more building permits to answer forecasted needs, and also to produce affordable dwellings, especially in Brussels where the imbalance between residential demand and supply is the most important.
We also assist to a strong increase of the students’ population across the country, implying important needs up to 2030.
Despite challenges, the Belgian residential market is full of opportunities. Download our latest report for an exhaustive overview of trends and evolutions that are expected to reshape the Belgian residential property market in the coming years.
