Industry experts are sounding the alarm, warning of a looming crisis in Belgium’s housing sector. They emphasize the urgent need for a fresh approach to developing new housing projects. The experts argue that regional governments are stuck in outdated and ineffective practices.
Dozens of experts from the real estate and construction sectors, private rental market, and social housing sector in Belgium have come together to raise awareness about the country’s worsening housing situation. In an open letter, they highlight the common challenges faced across all sectors.
Belgium boasts a high rate of homeownership with 75% owning their homes, while 20% rent privately and 5% are social renters. However, experts suggest that the trend of homeownership is declining. The pressure on potential buyers is evident, as real estate transactions are decreasing.
Private renting is becoming increasingly expensive, making it challenging for many in Belgium. Additionally, those hoping for social housing must endure long waitlists, impacting the most economically vulnerable populations.
A group of experts, such as Charlotte De Thaye from Federia, Jean-Christophe Vanderhaegen from Embuild.Brussels, and sociologist Pascal De Decker from KULeuven, are warning about a looming housing crisis. They stress that urgent action is needed to prevent the collapse of the right to affordable housing.
In the next couple of years, there will be a severe housing shortage that could make finding affordable housing nearly impossible.
In the letter, it is highlighted that the government’s responses do not tackle the core issues in the sector. The new-build market is dwindling, yet the demand surpasses supply. Both the private and social rental markets, and the purchase market, are burdened by sluggish procedures and outdated regulations that do not align with modern society.
Governments’ current solutions revolve around premiums and registration fees, but the real housing debate should consider spatial planning, mobility, construction costs, sewerage costs, biodiversity, and affordability. Instead of addressing these crucial factors, politicians often divert attention to migration or urbanization fears. This approach does not benefit anyone and only results in a housing policy deeply rooted in ideology.
The signatories are urging for a change in approach, transitioning from traditional methods to new innovative building techniques through pilot projects.
In Belgium, our leaders should be bold in trying new ideas for housing. They should consider building taller and more densely, prioritizing quality living areas and green spaces, focusing on social housing beyond just financial gains, and exploring tax measures to make room for everyone.
Experts recommend establishing a housing task force to develop a comprehensive housing policy that addresses real-world challenges. Failing to do so could have dire consequences for various vulnerable groups, including young individuals, singles, the elderly, and those already struggling to find affordable housing options.
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