Try our corporate solution for free!
+1 (212) 419-5770
esther.shaulova@statista.com

Industry revenue of »rental and operating of own or leased real estate« in Belgium 2011-2023

Revenues of the Belgian rental and operating of own or leased real estate market are projected to grow from 6.6 billion U.S. dollars in 2011 to over 11.9 billion U.S. dollars by 2023, fuelled by the expansion of international businesses, which have led to the growth of the office rental market and the low apartment rental costs, as compared to most other European countries. As of Q4, 2018, the average monthly rental cost of a furnished one-bedroom apartment in the capital city of Brussels amounted to 963 euros, nearly 44 percent cheaper as compared to the prices in London.

Additionally, the country’s buying and selling of own real estate market has also witnessed robust growth, owing to factors such as the rising consumer incomes and stable market prices. In 2017, the total number of housing transactions in the country reached a value of approximately 68,536.

According to experts, the market will witness subdued activity in the short term due to the outbreak of the corona virus, however, property prices are likely to remain stable.

Industry revenue of »rental and operating of own or leased real estate« in Belgium from 2011 to 2023

Exclusive Corporate Account feature

To view this statistic you need a Corporate Account, which includes the following benefits

  • Access to all content
  • Download as XLS, PPT, PNG and PDF
  • Detailed source and background information
Corporate Account
$700 per month*
(billed annually)
* All products require an annual contract; Prices do not include sales tax.
Show detailed source information?
Register for free
Already a member?
Log in
Sources

Supplementary notes

* Estimate - This also applies for past years as data provided by statistical institutions often is not available for more recent years.

Currency conversion factor: (EUR -> USD) = 1.186

The industry classification is based on the NACE Rev.2 - system in Belgium. The industry “rental and operating of own or leased real estate“ has the code “L682“.

Details on the methodology can be found here.

Please visit here for more information on Statista market forecasts.

Use Statista now: unlimited access to all content

Statistics on "Economic Outlook Belgium"

Further Content: You might find this interesting as well

Use Statista now: unlimited access to all content
Learn more about how Statista can support your business.