Belgian Market Insights: Impacts of Covid-19 on Real Estate
27 May, 2021
By de Crombrugghe & Partners, Belgium
In their 2021 Belgian Real Estate market report, our member de Crombrugghe & Partners (Belgium) provides a comprehensive view of the impacts of Covid-19 on the real estate market. Key insights include a breakdown by sector of 2020 investments, macroeconomic indicators and a market analysis.
Sector highlights from the report:
- Logistics: Logistics take up increased by 6% in 2020
- Offices: The take up in the office market has dropped by 35%
- Retail: Out-of-town retail is the most resilient, while high street shopping and shopping centers are under pressure due to Covid restrictions
- Residential: Limited impacts
A look into the future of Belgian Real Estate market:
Until now, aside from high street shops, Covid-19 has had a limited impact on the real estate market. The real consequences will appear in the coming year and will require in-depth knowledge of the conceptual and technical potential of existing assets as well as a correct assessment of the huge ongoing changes in end-user needs.
Click here to continue reading the report.