Immo: increasingly unequal access to property

  • Post category:Economy News
  • Reading time:3 mins read

Between 2003 and 2020, the percentage of homeowners in the low-income category fell from 56.4% to 36.9%, according to a study by the National Bank.

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Journalist in the Economy department

Reading time: 5 mins

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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