News on the Belgian real estate market

In 2024, the Belgian real estate market shows stabilization accompanied by a moderate decline in transaction activity and price growth, partly due to rising mortgage costs. Property sales have dropped by 4.2% compared to the first half of the previous year. The main reduction occurred in Brussels and Wallonia, where the market remains expensive, although price growth has slowed. At the same time, Flanders holds stable price positions, making it attractive to investors seeking stable European assets.

Housing demand in Belgium is currently unevenly distributed. Brussels remains a leader in property prices, attracting both local and foreign buyers. High rental demand in the region is largely due to the presence of international organizations such as NATO and the EU. Other regions also show stable demand, although rising utility and energy costs make energy-efficient housing more popular. In the provinces of Limburg and Flemish Brabant, more affordable options are available, increasing interest from foreign buyers.

The overall market shows a gradual slowing of the frenzy observed in 2021, allowing buyers more time to choose properties, reducing pressure on purchases, and providing investors with opportunities for more balanced decisions. With rising mortgage rates, many buyers are opting for more conservative strategies, also shifting demand structure towards the premium segment.

International investors are particularly attracted to premium properties in Brussels and Antwerp. These include penthouses, private homes, and commercial real estate, such as office and retail spaces. The commercial real estate sector shows steady interest, strengthening Belgium’s position as a reliable market for long-term investments.

In 2024, the Belgian real estate market is stabilizing and remains attractive to both local and international investors.