Engel & Völkers Licence Partner Montgomery > Blog > The real estate assets of Belgian individuals amount to 1,570 billion euros!

The real estate assets of Belgian individuals amount to 1,570 billion euros!

In 2019, the total amount of real estate assets held by Belgian individuals amounted to 1,570 billion euros. This figure, which can only be described as dizzying, turns out to be three times higher than that of the GDP (Gross Domestic Product) of Belgium, which in the same year amounted to 473.1 billion euros.

According to studies by the National Bank of Belgium (BNB), these real estate assets belonging to Belgian individuals consisted:

  • 62% of land, totaling 970 billion euros.
  • 38% of buildings, totaling 600 billion euros.

According to the same studies, the overall sum of this real estate wealth exceeds that of the net financial wealth of Belgian individuals, which amounted to 1,410 billion euros by the end of 2019.

Do you, like most Belgians, also have an irresistible urge to own your own home?

As the current global crisis has recently shown again, real estate remains the safest investment. Start your real estate project today! Contact one of our agencies in Belgium to embark on your adventure.

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