Real Estate Market 2024: Trends & Developments

In 2024, several clear trends have shaped the real estate market. In this article, you'll find an overview of the most notable developments from the past year.

Homes in need of renovation, particularly those with lower EPC ratings, tend to stay on the market longer and have seen a drop in value.
On the other hand, move-in-ready homes with high energy efficiency and modern finishes remain highly sought after.
Properties in prime locations continue to attract interest, even if they require renovation.

The migration flow of city dwellers from Brussels to the Flemish periphery continued steadily in 2024.
This phenomenon was driven by rising property prices in the capital and the desire for more space and greenery in suburban municipalities. Additionally, we observed a notable increase in diversity in the real estate market, with an international audience of buyers from various countries and cultural backgrounds.

The rental market faced significant pressure this year, resulting in rising rental prices and an imbalance between supply and demand.
However, many landlords prioritized security over profit maximization, opting for reliable tenants instead of raising rental prices.

Real estate investors remained notably reserved due to higher interest rates and economic uncertainty.
However, smaller units with a budget of up to €200,000 remained popular among investors.
These are often considered safe investments, partly because they can be financed without the need for a loan.

High borrowing costs have made not only major investors but also developers more cautious.
This has resulted in a prolonged stagnation in the new construction market.

There is still demand for renovation projects involving small-scale co-ownership properties that are energy inefficient and in poor condition.
This type of real estate primarily appeals to buyers who see potential for value creation and rental income.
However, investors often set high return-on-investment requirements for such projects.

The real estate market continues to evolve in 2025, presenting both opportunities and challenges. At Homerun Real Estate, we are here to help you align your real estate strategy seamlessly with these changing circumstances.

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