The overall economic growth is projected to experience a modest increase, rising to 1.2% in 2025 after a decline to 1.0% in 2024 from 1.3% in 2023. Notably, Belgium’s growth rate in 2024 surpassed the Eurozone average of 0.8% and is expected to align at 1.2% in 2025. This expansion is largely fueled by domestic demand.Looking ahead, a stable growth rate between 1.2% and 1.4% is anticipated for 2026 and 2027.
Inflation and long-term interest rates are pivotal in forecasting developments in Belgium’s professional real estate sector. In 2024, inflation remained relatively stable, averaging 3.48% in Q4. Projections indicate an average inflation rate of 2.5% in 2025. From 2026 onward, the Federal Planning Bureau (FPB) anticipates a decline to 1.8%, with inflation stabilizing at this level through 2029.
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