By Jean-Francois Munster
HASith the surge in real estate prices that we are experiencing – especially in recent years – owning a property is becoming an increasingly inaccessible dream for the poorest segment of the population. A study by the National Bank of Belgium (NBB) devoted to accessibility to property confirms this. While overall the percentage of Belgians who own their home has remained relatively constant over the past two decades – 71% – the trend is clearly downward for the segment of the population earning less than 60% of the median income. In 2003, 56.4% of households belonging to this category were owners. In 2020, they were only 36.9%, a decline of nearly 20 percentage points. This is less than the euro zone average (44.7%).
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