Authored by the expert who managed and guided the team behind the Belgium Property Pack
Everything you need to know before buying real estate is included in our Belgium Property Pack
What do the latest numbers reveal about Belgium’s real estate market? Are property prices on the rise, or are they stabilizing? Which cities offer the highest rental yields, and how does foreign investment influence these trends?
We’re constantly asked these questions because we’re deeply involved in this market. Through our work with developers, real estate agents, and clients who invest in Belgium, we’ve gained firsthand insights into these trends. Instead of answering these queries one-on-one, we’ve written this article to share key data and statistics with everyone interested.
Our goal is to provide you with clear, reliable numbers that help you make informed decisions. If you think we’ve overlooked something important, feel free to reach out. Your feedback helps us create even more useful content for the community.
How this content was created 🔎📝
1) By 2025, 30% of Belgian homes are expected to have home automation systems as smart technology becomes more accessible
Belgium is leading the way in smart home technology.
By 2023, Belgium was already ranked third in Europe for integrating smart home systems, with many homes equipped with smart alarms. This trend is not just about gadgets; it's about making life easier and more connected. As we moved into 2024, the demand for these technologies continued to rise, driven by the desire for greater convenience and energy efficiency.
The market for smart home technology in Belgium is booming. By 2029, it's expected to reach a market volume of $1,240.0 million. This growth is fueled by the increasing accessibility of smart devices, making it easier for more households to adopt these systems. People are looking for ways to simplify their lives, and smart technology offers just that.
With this growing trend, it's no surprise that more Belgian homes are expected to integrate home automation systems. By 2025, it's anticipated that 30% of residential properties will have these systems in place. This shift aligns with the broader trend of smart technology becoming more accessible and desirable for everyday living.
Smart home technology isn't just a luxury anymore; it's becoming a standard feature in many homes. The convenience of controlling your home environment with a touch of a button is appealing to many. As technology becomes more affordable, more people are jumping on the bandwagon, eager to enhance their living spaces.
Belgium's embrace of smart home technology reflects a global shift towards more connected living. As these systems become more common, they offer not just convenience but also potential savings on energy bills. The future of home living is here, and it's smarter than ever.
Sources: Brussels Times, Statista
2) By 2025, 50% of Belgian homes are expected to have security systems as safety becomes a top priority for homeowners
Belgian homeowners are increasingly prioritizing safety and security in their residences.
In 2023 and 2024, there was a noticeable rise in concerns about home safety, prompting many to consider installing security systems. This shift is largely due to the introduction of smart home devices, such as surveillance cameras and smart locks, which have made it easier for homeowners to monitor their properties remotely.
These technological advancements not only offer peace of mind but also integrate seamlessly with other home automation systems, making them an attractive option for many. The convenience and efficiency of these systems have contributed significantly to their growing popularity.
Additionally, the Belgian government has been proactive in promoting home security through various initiatives and regulations. These efforts have encouraged the adoption of advanced security solutions, further driving market growth. The combination of rising safety concerns, technological innovation, and supportive government policies has set the stage for a significant increase in the adoption of home security systems.
By 2025, it is anticipated that 50% of Belgian residential properties will be equipped with security systems, as safety becomes a top priority for homeowners. This trend reflects a broader movement towards enhanced home security across the country.
Sources: 6Wresearch
We did some research and made this infographic to help you quickly compare rental yields of the major cities in Belgium versus those in neighboring countries. It provides a clear view of how this country positions itself as a real estate investment destination, which might interest you if you’re planning to invest there.
3) Eco-friendly home prices in Hasselt are expected to increase by 6% by 2025 as sustainability gains importance
In Hasselt, sustainability in housing has become a major trend in 2023 and 2024.
With a focus on eco-friendly living, Hasselt's housing market is seeing a shift. The city is emphasizing sustainability, public green spaces, and modern mobility, making these homes more appealing to potential buyers.
As a result, the demand for eco-friendly properties has increased. People are actively seeking sustainable living options, which naturally drives up property prices.
In fact, the average price of eco-friendly residential properties in Hasselt is expected to rise by 6% by 2025. This is because sustainability is becoming a key selling point for buyers.
Hasselt's initiatives are not just about homes; they are about creating a lifestyle. The city's approach is making it a desirable place to live, with eco-friendly homes becoming a hot commodity.
As more buyers prioritize sustainability, the trend towards eco-friendly living is only expected to grow. This makes Hasselt an exciting place for potential property buyers.
Sources: Vooruit Nieuws, Vooruit Nieuws
4) Co-living spaces in Belgium are expected to double by 2025 as demand for affordable, flexible housing grows
Co-living spaces in Belgium are becoming a hot trend, especially in bustling cities like Brussels.
Since 2023, there's been a noticeable increase in the number of co-living rooms available. People are flocking to these spaces because they offer a more affordable and flexible lifestyle, which is a big draw in today's competitive real estate market. With the rise of remote work and the gig economy, many are looking for housing that can easily adapt to their ever-changing needs.
While there's no exact prediction that co-living spaces will double by 2025, the demand is certainly pointing in that direction. The charm of co-living is its ability to provide cost-effective and adaptable living arrangements for those who need it most. This trend is particularly appealing to young professionals and digital nomads who value community and convenience.
In cities like Brussels, co-living is not just a housing option; it's a lifestyle choice that offers a sense of community and shared experiences. As more people embrace this way of living, the number of co-living spaces is expected to grow, potentially doubling in the next few years.
For those considering a move to Belgium, co-living presents an attractive option. It combines the benefits of affordable living with the flexibility to move and adapt as needed. This is especially important in a country where the real estate market is constantly evolving.
As the trend continues, it's clear that co-living is here to stay, offering a viable solution for those seeking a balance between cost and lifestyle. The number of co-living spaces in Belgium is projected to double by 2025, as more people seek affordable and flexible housing options.
Sources: Brussels Times, Statista, Grey.co
5) Residential properties in Belgium with private gardens are expected to increase by 10% by 2025 due to rising demand for outdoor space
The desire for private gardens has surged in recent years.
After the experiences of 2023 and 2024, people have realized the value of having their own outdoor spaces. This shift is due to the benefits of personal gardens, like enjoying nature, growing food, and having a safe spot for relaxation. More people now want these green havens as part of their homes.
Urbanization trends are also influencing this change. The World Cities Report 2020 emphasized sustainable urban development, which includes creating affordable and eco-friendly living spaces. This has led to a focus on planning cities with green areas, making properties with gardens more appealing to buyers.
In Belgium, the real estate market is dynamic. While average property prices, such as those in Wallonie, give a market snapshot, they don't directly explain the rise in garden properties. However, they show how quickly new trends, like the demand for outdoor spaces, can take hold. By 2025, residential properties with gardens are expected to increase by 10%, reflecting this trend.
People are increasingly looking for homes that offer more than just indoor space. The appeal of having a garden is not just about aesthetics; it's about lifestyle and well-being. Gardens provide a personal retreat and a connection to nature that many find essential.
As cities grow, the need for personal outdoor spaces becomes more pronounced. This is not just a trend but a shift in how people view their living environments. Gardens are becoming a must-have feature for many homebuyers.
Sources: Properstar, World Cities Report 2020
Get fresh and reliable information about the market in Belgium
Don't base significant investment decisions on outdated data. Get updated and accurate information with our guide.
6) By 2025, 75% of Belgian households are expected to live in urban areas as cities attract more residents
Belgium's cities are becoming increasingly popular places to live.
From 2010 to 2021, urban areas in Belgium saw a steady population increase, with growth rates ranging from 0.1% to 0.8% annually. This trend has shaped the current demographic landscape, making cities more vibrant and bustling. By 2025, it's anticipated that 75% of Belgian households will be in urban areas, drawn by the allure of city life.
The appeal of cities lies in their economic opportunities, improved infrastructure, and enhanced social services, which consistently attract new residents. This urban magnetism is evident as metropolitan regions are expected to experience a 6% population growth over the next two decades. People are increasingly seeking the benefits of city living, from job prospects to cultural experiences.
Belgium's urbanization is not just about numbers; it's about the quality of life that cities offer. The shift towards urban living is driven by the desire for better amenities and services, which are more readily available in cities. This trend is particularly noticeable in metropolitan areas, where the population is set to grow significantly.
As cities continue to expand, they become hubs of activity and innovation, drawing even more people to their vibrant environments. The ongoing attraction of urban living is a testament to the dynamic nature of cities, which continue to evolve and adapt to the needs of their residents.
Sources: OECD Report on Belgium
7) Rental property demand in Mons is expected to grow by 5% by 2025 due to more students and young professionals
In Mons, the demand for rental properties is expected to grow by 5% by 2025, driven by an influx of students and young professionals.
Belgium's real estate market is on the verge of a rebound, with factors like declining interest rates and wage indexation playing a role. These changes make buying homes more challenging, nudging people towards renting. In Mons, this shift is particularly noticeable among students and young professionals who are sensitive to housing costs.
More than half of Belgians worry about housing affordability, and many believe young buyers will find it even tougher to purchase homes. This concern is pushing students and young professionals in Mons to see renting as a more viable option. The influx of these groups is a key driver of the rental demand in the city.
While specific data for Mons is scarce, we can draw parallels with trends in Flanders. There, a drop in new rental contracts has led to high competition and rising rents. Such trends often spill over into other regions, suggesting that Mons could experience similar economic and demographic shifts.
In Mons, the presence of universities and businesses attracts a steady stream of students and young professionals. This influx is expected to continue, further boosting the demand for rental properties. The city's vibrant atmosphere and opportunities make it an appealing choice for these groups.
As the rental market tightens, landlords in Mons might see an opportunity to adjust rents. This could lead to a more competitive market, where renters need to act quickly to secure housing. The dynamics in Mons are reflective of broader trends seen across Belgium.
Sources: Expat Management Group, ING Think
8) By 2025, residential property insurance costs in Belgium are expected to rise by 5% due to higher property values and climate risks
The property insurance market in Belgium is on the rise, with projections estimating it will hit US$4.71 billion by 2024.
This growth is fueled by a growing awareness of the need for property insurance, especially as climate-related risks become more frequent and severe. Belgium has seen an uptick in extreme weather events like floods and forest fires, which are expected to continue increasing.
As these climate challenges mount, insurance companies are adjusting their premiums to reflect the heightened risks. This means higher insurance costs for property owners, as insurers try to cover potential losses from these unpredictable events.
Property values in Belgium are also climbing. In the Brussels-Capital region, for example, house prices jumped by 5.46% in the third quarter of 2019, reaching an average of €425,000. As property values rise, so does the cost of insuring them, adding to the upward trend in insurance premiums.
Looking ahead, by 2025, the average cost of residential property insurance in Belgium is expected to increase by 5%. This reflects not only the rising property values but also the ongoing climate-related risks that are reshaping the insurance landscape.
Sources: The Brussels Times, Expatica, Statista
We have made this infographic to give you a quick and clear snapshot of the property market in Belgium. It highlights key facts like rental prices, yields, and property costs both in city centers and outside, so you can easily compare opportunities. We’ve done some research and also included useful insights about the country’s economy, like GDP, population, and interest rates, to help you understand the bigger picture.
9) Demand for new residential developments in Kortrijk is expected to grow by 7% by 2025 as the city attracts new residents and businesses
In Kortrijk, the demand for new residential developments is expected to grow by 7% by 2025.
The city is making smart spatial choices and improving residential quality, which is drawing in new residents. Back in 2023 and 2024, Kortrijk capitalized on its strengths, like its high employment rates and diverse, affordable housing options. This makes it a magnet for people looking for a balanced lifestyle.
Kortrijk's proximity to educational institutions is another big draw, attracting students and young professionals who are eager to settle in a vibrant community. These strategic efforts have made Kortrijk an attractive place for new residents and businesses.
As more people and companies move to the city, the need for new housing naturally increases. The city is not just growing; it's evolving into a hub for innovation and opportunity. This growth is supported by Kortrijk's focus on enhancing living conditions and creating a welcoming environment for newcomers.
With its strategic location and commitment to quality living, Kortrijk is poised to become a key player in the region. The city's efforts are paying off, as evidenced by the steady influx of new residents and businesses. This trend is expected to continue, driving the demand for new residential developments.
Sources: Kortrijk 2025
10) Residential properties in Belgium with EV charging stations are set to rise by 50% by 2025, aiding sustainable transport
Belgium is making a big move towards sustainable transportation with electric vehicles (EVs) leading the charge.
In the Brussels-Capital Region, new rules are shaking things up. If you have a property with more than 10 parking spaces, you’ll need to install EV charging stations by January 2025. This is part of a larger plan to make sure the infrastructure keeps up with the rising number of EVs on the road. So, if you own an electric car, your parking spot will soon have a charging point.
Homeowners are also getting a nudge to go green. From September 2021 to August 2024, there’s been a tax break for installing EV charging points at home. This financial perk is likely pushing many to add these stations, helping to meet the growing demand.
Looking ahead, the number of residential properties with EV charging stations in Belgium is expected to increase by 50% by 2025. This growth supports the shift towards more sustainable transportation options, making it easier for people to switch to electric vehicles.
These changes are not just about convenience; they’re part of a broader effort to reduce emissions and promote cleaner energy. With more charging stations, owning an electric vehicle becomes more practical and appealing, encouraging more people to make the switch.
As Belgium continues to push for greener transportation, these initiatives are crucial. They ensure that the infrastructure is ready to support the growing number of electric vehicles, making it easier for residents to embrace this change.
Sources: Brussels-Capital Region Regulations, Directive on Performance of Buildings (PEB), Public Charging Infrastructure Initiatives
11) By 2025, 25% of Belgian homes are expected to have smart lighting systems as technology becomes more integrated into daily life
Smart lighting is becoming a key part of our everyday lives.
In Europe, the smart lighting market has been on a strong growth path since 2023, driven by the need for energy efficiency and sustainable building practices. This trend is particularly evident in Belgium, where green building initiatives and government incentives are encouraging homeowners to adopt these systems. Smart lighting not only offers convenience but also helps in reducing energy consumption, a major concern for many.
By 2025, it's expected that 25% of Belgian residential properties will feature smart lighting systems. This aligns with the broader European trend of increasing adoption of smart home technologies. As people become more aware of the benefits, these technologies are becoming more accessible and affordable.
Belgium's push towards smart lighting is part of a larger movement across Europe. The integration of technology into homes is not just about convenience; it's about creating sustainable living environments. Homeowners are increasingly looking for ways to reduce their carbon footprint, and smart lighting is a simple yet effective solution.
As technology becomes more integrated into daily life, the demand for smart home solutions is expected to rise. This shift is not just a trend but a reflection of changing priorities among homeowners. The focus is on creating homes that are not only comfortable but also environmentally friendly.
Sources: Europe Smart Lighting Market Analysis Forecast Report 2025-2033, Top 3 Construction Technology Trends to Watch in 2025
Don't buy the wrong property, in the wrong area of Belgium
Buying real estate is a significant investment. Don't rely solely on your intuition. Gather the right information to make the best decision.
12) Renovation costs for residential properties in Belgium are expected to rise by 7% by 2025 due to higher material and labor costs
In Belgium, renovation costs for homes are expected to rise by 7% by 2025 due to increasing material and labor expenses.
Since 2023, the prices of essential materials like wood, steel, and concrete have been climbing. This surge is largely because of global supply chain disruptions and a spike in demand across various industries. Consequently, home renovation materials have become more expensive, impacting overall renovation budgets.
Labor costs are also on the upswing. The construction and renovation sectors are experiencing a shortage of skilled workers, which has driven wages higher. This trend is making renovations more costly as homeowners compete for the best talent.
For those considering buying a property in the country, it's crucial to factor in these rising costs. The combination of increased material prices and higher labor wages means that renovation projects will require a larger budget than in previous years.
Understanding these dynamics can help potential buyers make informed decisions. With the anticipated rise in costs, planning renovations sooner rather than later might be financially beneficial. The current market conditions suggest that delaying renovations could lead to even higher expenses down the line.
Sources: Dubecor, UNECE Report, Livios
13) By 2025, 25% of new residential developments in Belgium are expected to be classified as "smart homes"
Belgium is seeing a surge in smart home technology adoption.
People in Belgium are drawn to the idea of automating their homes for added convenience and security. Imagine controlling your lights, thermostat, and even your security system from your phone, no matter where you are. This growing interest is reshaping how homes are built and lived in.
The construction industry is catching up fast, with a shift towards digitalization and advanced technologies. Builders are using online portals to guide buyers and adopting new methods to address labor shortages. This makes it easier to include smart features in new homes, aligning with the tech-savvy desires of modern buyers.
Globally, the smart home market is on fire. By 2025, we expect to see 478.22 million smart homes worldwide. This boom is driven by the Internet of Things (IoT), which is becoming a staple in our daily lives. As people earn more and seek comfort, the demand for smart solutions in homes is skyrocketing.
In Belgium, the trend is clear. The proportion of new residential developments classified as "smart homes" is expected to reach 25% by 2025. This reflects a growing trend towards technology integration, making homes not just places to live, but hubs of innovation and efficiency.
As incomes rise, people are looking for more comfort and convenience in their living spaces. This is fueling the demand for smart home solutions, making them an integral part of modern lifestyles. The future of living in Belgium is not just about bricks and mortar, but about creating spaces that adapt to our needs.
Sources: Statista, 4PS, Prime Target
14) Belgium's residential property vacancy rate is expected to drop below 5% by 2025, showing strong demand across the country
The Belgian real estate market is on the rise, with interest rates dropping and wages increasing, making homes more affordable.
In 2023 and 2024, these favorable conditions led to a surge in property transactions, indicating a strong demand for homes. While the market cooled slightly, it remained stable compared to other European countries, thanks to steady employment and income growth.
The construction sector felt the chill, but there was no major downturn. The labor market's strength, with more jobs and higher household incomes, kept real estate within reach for many Belgians.
Employment opportunities, especially in non-marketed services, continued to grow. This trend, along with a more skilled workforce, likely fueled the ongoing demand for housing across the country.
As a result, the vacancy rate for residential properties in Belgium is expected to drop below 5% by 2025, highlighting the robust demand for homes nationwide.
Sources: ING Think, KBC Economics, Cedefop
We made this infographic to show you how property prices in Belgium compare to other big cities across the region. It breaks down the average price per square meter in city centers, so you can see how cities stack up. It’s an easy way to spot where you might get the best value for your money. We hope you like it.
15) By 2025, residential property taxes in Belgium are expected to rise by 3% due to policy changes
By 2025, residential property taxes in Belgium are set to rise by 3%.
This increase is tied to the government's adjustments of the revenu cadastral, which is essentially the estimated rental income of a property. In 2023 and 2024, the revenu cadastral saw significant hikes due to inflation and rising property prices. From 2022 to 2023, it jumped by 9.6%, followed by another 4% increase in 2024. These changes directly affect property taxes since they are calculated based on this revenu cadastral.
Even though the tax rates themselves haven't changed, the ongoing indexation of the revenu cadastral means property owners will face higher taxes. For example, if a property's non-indexed revenu cadastral was 1,000 euros, it would rise to 2,245.1 euros by 2025, leading to a heftier tax bill.
16) By 2025, 95% of Belgian homes are expected to have high-speed internet access as connectivity becomes essential
By 2025, 95% of Belgian homes will have high-speed internet, thanks to strategic government efforts.
Belgium's government launched a national plan to boost both fixed and mobile broadband, as part of the Digital Belgium strategy. This initiative focuses on enhancing digital infrastructure, trust, security, government, economy, and skills.
One major step was identifying "white areas," regions without high-speed internet, which covered about 2% of Belgium. Mapping these areas allowed the government to target investments effectively, with a special unit ensuring progress was tracked.
Significant investments were announced, including 41 million euros for fixed broadband in underserved areas. Regional efforts also played a role, like Wallonia's plan to invest 70.3 million euros in connecting business parks and schools.
These investments are crucial in bridging the digital divide, ensuring more people have access to high-speed internet. The focus on connectivity is part of a broader effort to enhance digital infrastructure across the country.
Sources: Digital Strategy, TBMnet
While this article provides thoughtful analysis and insights based on credible and carefully selected sources, it is not, and should never be considered, financial advice. We put significant effort into researching, aggregating, and analyzing data to present you with an informed perspective. However, every analysis reflects subjective choices, such as the selection of sources and methodologies, and no single piece can encompass the full complexity of the market. Always conduct your own research, seek professional advice, and make decisions based on your own judgment. Any financial risks or losses remain your responsibility. Finally, please note that we are not affiliated to any of the sources provided. Our analysis remains then 100% impartial.