For years, PropTech Lab has been dedicated to fostering strategic collaboration between developers and innovators in the industry. Bridging gaps and unlocking growth opportunities have always been at the core of what we do.
After months of research, we are eager to launch the Belgium Project Development Dashboard, where you can:
- Filter projects by city, project type, and stage.
- Learn key details about each project (name, developer, stage, size)
Here are some key insights about the Belgian market in 2024:
- Apartments dominate the market, but other specialized housing shouldn’t be neglected.
- Nearly 70% of existing projects haven’t reached the construction stage.
- 95% of projects are small to high-mid size.
- Projects are concentrated among these few key players.
Dominance of Apartments and Opportunities in Specialized Housing
Apartments dominate the market with 136,783 units, far surpassing other types like houses (19,180 units) and specialized housing (e.g., student housing: 16,469; assisted living: 2,978).
Developers are heavily focused on urban and dense housing solutions, likely reflecting high demand for apartments in city centers. However, specialized housing categories like student housing and assisted living are emerging niches. These sectors might represent untapped markets with growing demand due to demographic shifts (aging population, student influx).
The majority of projects are in development stage
60.4% of projects are in the development stage, compared to 17.3% in stock and 15.5% in construction.
A substantial portion of projects are yet to break ground or reach construction. This indicates a backlog of planned developments, possibly due to regulatory, financial, or resource constraints.
This is an opportunity for companies to address bottlenecks in permitting, funding, or project management.
Predominance of Small-Scale Projects
Small-sized projects make up 60.7% of the total, while mega and very large projects constitute only 2% combined.
The market is fragmented, with developers likely focusing on smaller, manageable developments to reduce risk and ensure quicker returns.
While small projects dominate, there’s an opportunity for consolidation or partnerships to tackle medium-to-large-scale projects, which could yield economies of scale and attract institutional investors.
Top Developers Are Leading the Charge
A handful of developers dominate the project count, with the largest managing 163 projects.
The dominant developers are well-positioned to adopt innovative models, especially those leveraging technology to enhance efficiency and sustainability. Simultaneously, the smaller, high-potential disruptors could become valuable future partners.
Knowing who to approach and tailoring your pitch to their scale and needs will maximize impact and conversion.
Want to have all information in one place? Simply download our one-pager here:
The dashboard is now available exclusively for our members and we are broadening the scope to other countries in Europe.
There are 5 main innovation trends we have identified that can help developers differentiate from the competition and align on the real needs of the end-users.
If you want to be at the forefront of the innovations, have access to strategic market data, and are ready to level-up your growth strategy, schedule a call with us to discuss how we can unlock the industry potential together.