Belgium s housing market remains strong, with residential building permits issued up --.- for January to May ---- compared to the same period in ----. Various social infrastructure projects are also under way including that of THV Schijnpoort, a joint venture (JV) including BAM Contractors, which has secured a EUR--mn (USD--.--mn) ...The project has an estimated cost of USD-.-bn and is part of the Belgian North Sea marine management plan under which some -,---MW of wind farms will be developed. Overall we expect Belgium s construction industry value to grow by -.-- in ----, a slight downgrade on previous growth based on revised industry figures and a slowdown in growth over the first half of the year. Growth will remain under - annually throughout the remainder of the forecast period through to ----. ...Overall we expect Belgium s construction industry value to grow by -.-- in ----, a slight downgrade on previous growth based on revised industry figures and a slowdown in growth over the first half of the year. Growth will remain under - annually throughout the remainder of the forecast period through to ----.
...Residential infrastructure contributes a sizeable share of the Belgian construction industry, and the outlook for this sector is largely positive. Housing prices are maintaining slow growth levels (though we do note a marginal fall on the Belgian house price index of -.- in Q---) and overall conditions are optimised for investment in new construction projects with solid access to financing options. ...Residential infrastructure contributes a sizeable share of the Belgian construction industry, and the outlook for this sector is largely positive. Housing prices are maintaining slow growth levels (though we do note a marginal fall on the Belgian house price index of -.- in Q---) and overall conditions are optimised for investment in new construction projects with solid access to financing options. The fall in energy prices is contributing to rising income levels which, along with the low nominal mortgage interest rate, is expected to stimulate private housing investment in ---- and beyond. ...One such project is the regeneration of a section of Brussels under the Neo Project. Phase - is currently in the planning stage and includes --- housing units as well as office and retail space.
...Belgium plays a central role as an economic, political and transport hub in Western Europe. The market benefits from an open economy with solid levels of foreign investment as well as excellent access to credit. ...
