Old stats are still insights. 

  
The Belgium Luxury Residential Real Estate Market is expected to register a CAGR of greater than 4% during the forecast period.

* Belgium (officially the Kingdom of Belgium) is a nation that is a part of NATO, WTO, United Nations, Council of Europe, Schengen, and the Eurozone. The weather is temperate maritime, with mild, rainy winters and warm, muggy summers. In the winter, snow, and frost are infrequent. The market is driven by a growing number of high net worth individuals looking for luxury homes in prime locations. With Gen Z, millennials, and the emerging middle classes so focused on new experiences, they're looking at where those experiences come from, such as leisure.
* Purchasing prices in Belgium remained on the rise throughout 2022, although the number of deals saw a first dip in several years. Price hikes, tightened financing conditions, higher inflation, and higher energy prices restrict the acquisition opportunities for households, whereas the investment market showed a slightly weaker performance.
* Households in Belgium are increasingly concerned about the environmental impact of their dwellings, increasingly aware of the sustainability challenges, and looking for ways to reduce their energy consumption.
* Regional governments have set ambitious targets and aim to achieve carbon neutrality by 2050 for the residential stock. They have also implemented indexation limits based on the EPC performance of the dwellings.
* In June 2023, Hillewaere Group - led by entrepreneur Roel Druyts - will become the exclusive affiliate of Christie's International Real Estate in Belgium for the next 10 years. This means that Hillewaere - an established player in residential real estate for many years - is the only authorised broker to market the exclusive range of luxury properties on the Belgian market under the Christie's International Real Estate brand. Additionally, Hillewaere gains access to the international network of Christie's International Real Estate. The new partnership with Christie's International Real Estate in luxury real estate is the next step in the group's growth strategy. Hillewaere indicates that the luxury real estate market continues to flourish. 2022 also saw record sales of million-euro properties in our country. In fact, the total of 1,927 property sales was 12 per cent more than in 2021

# Belgium Luxury Residential Real Estate Market Trends and Insights

# IoT-enabled home automation is driving the market

Smart home technology is becoming more and more popular. Even luxury homes are starting to adopt smart home technology. Smart home technology allows homeowners to control and monitor their homes remotely. Smart home technology improves both security and ease of use for homeowners. Luxury developers are starting to incorporate innovative home technology into their properties. Innovative home technology includes voice-activated controls. Automated lighting and temperature control are just a few of the innovative features that luxury developers are incorporating into their properties. The inclusion of smart home technology enhances the overall luxury experience. Innovative home technology has become a major selling point for buyers who want the latest technological advancements.

In third place, Belgium ranks highly in terms of smart alarm usage (17.24%). Greece is in fourth place, followed by Ireland. It is estimated that one in three households worldwide will have some form of "smart home" technology by 2027, which is a significant increase from the current number. Recent research has revealed that Belgium is a global leader in the adoption of smart home technology.

Source: [https://www.mordorintelligence.com/industry-reports/belgium-luxury-residential-real-estate-market](https://www.mordorintelligence.com/industry-reports/belgium-luxury-residential-real-estate-market)  
