Belgian property sales in 2021 at lowest level since 2015

Belgian property sales in 2021 at lowest level since 2015

According to a report by www.bordercho.net, the number of property sales fell to the lowest level since 2015 last year. Across Belgium, the number of transactions fell by 15.2 percent compared to 2022. In absolute terms, this represents a decrease of almost 38,000 sales for a total of 210,472.

This development has various effects on the real estate market. A decline in sales can cause supply and demand in the market to become imbalanced. This could lead to falling property prices in the medium to long term as sellers could be forced to lower their prices to attract buyers. At the same time, it could become more difficult for buyers to find a suitable property quickly as supply becomes more scarce.

In addition, brokers and real estate agencies in particular could be affected by this decline, as they process fewer transactions and therefore generate less income. This could lead to consolidation in the industry as smaller companies may struggle to stay afloat.

Overall, the slight slump in the real estate market is a sign that the market dynamics are changing. It is important to closely monitor developments and take possible countermeasures to keep the market stable.

As an expert in the real estate market, I advise you to keep a close eye on current developments and, if necessary, make adjustments to your strategy in order to react to changing market conditions.

Source: www.bordercho.net