• PROVIDING A STRATEGIC ADVANTAGE Through Technology & Processes
  • EXPERIENCE QUALITY Under One Brand with A Single Point of Control
  • UNITING LOCAL COMMERCIAL Real Estate Experience with Global Execution
  • DELIVERING RESULTS Through Collaboration & Integration

Belgium

    Belgium

    Belgium is a strongly global economy with a large transportation infrastructure that is well integrated into the rest of Europe. he economy is characterized by a highly productive work force, high GNP, and high exports per capita. The economy is heavily service-oriented and shows a dual nature: a dynamic Flemish economy and a Walloon economy that lags a little behind. Belgium must import substantial quantities of raw materials and export a large volume of manufactures, making its economy unusually dependent on the state of world markets. The Belgian Government encourages new foreign investment as a means to promote employment. With regional devolution, Flanders, Brussels, and Wallonia are now courting potential foreign investors and offer a host of incentives and benefits.

    Occupier demand remains robust despite the economic downturn in Belgium. Economic growth is forecast to slow in the short term and business sentiment is being affected. This is likely to filter through to a slowing in occupier demand, however activity may be bolstered as proactive occupiers leverage current market conditions. The turbulence in the credit markets and the impact on the economy have clearly influenced both investor and occupier sentiment.
     

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