Moderator: Patrick Luysterman
The economic outlook sets the stage for real estate markets, and the current landscape is characterized by a delicate balancing act. Inflation, once a cause for concern, appears to be gradually coming under control. Moreover, interest rate cuts, while offering a glimmer of hope for market revival, raise questions about their efficacy amidst geopolitical tensions and a wave of elections both at home and abroad.
In Belgium, the real estate sector grapples with its own set of challenges. The office market, in particular, faces the uphill task of finding its second wind. The stagnation witnessed in large office transactions in 2023 reflects investor apprehension amid shifting economic paradigms. The rise in prime rent juxtaposed with a decline in capital value underscores the need for a nuanced approach to market dynamics.
