This statistic presents the forecasted percentage change a no-deal Brexit would have on major economic indicators. In this scenario the United Kingdom's GDP is estimated to fall by eight percent, with house prices also predicted to decline by as much as 30 percent.

While a deal between Britain and the European Union was reached in November 2018, the deal must survive a parliamentary vote in order for it to be implemented. In the event that the vote doesn't go through parliament a no-deal Brexit would be the default scenario.

In the first quarter of 2025, the value of exports from the United Kingdom amounted to approximately 227 billion British pounds, while imports to the country amounted to around 238 billion pounds, resulting in a trade deficit of around 10.6 billion pounds in this quarter. During this time period, the value of UK exports was highest in the fourth quarter of 2022, with the value of imports peaking in the third quarter of 2022. The UK's main trade partners Despite the UK leaving the EU in 2020 following the Brexit referendum of 2016, Europe remains the main destination for UK exports, with almost half of UK exports heading there in 2023. During the same year, just over 60 percent of imports came from European countries, compared with around 17.9 percent from countries in Asia, and 11.8 percent from the Americas. In terms of individual countries, the United States was the UK's leading export partner for both goods and services from the UK, while Germany was the main source of UK goods imports, and the U.S. for service imports. It is as yet unclear how the return of Donald Trump to the White House will impact UK/US trade relations, should the President follow through with threats made on the campaign trail to increase trade tariffs. Brexit rethink under Starmer? Although generally more pro-European than the previous government, the new Labour government, led by Keir Starmer, does not plan to rejoin the European Union, or the Single Market. Public opinion, while gradually turning against Brexit recently, has not coalesced around a particular trading relationship. In late 2023, a survey indicated that while 31 percent of British adults wanted to rejoin the EU, a further 30 percent wanted to simply improve relations with the EU, instead of rejoining. Just 11 percent of respondents wanted to join the single market but not the EU, while 10 percent were happy with the relationship as it was. At the start of 2025, after several months in office, the new government has not signalled any major change in direction regarding on this, but has broadly signalled it wants a better relationship with the EU.

The Belgian luxury residential real estate market, encompassing apartments, condominiums, landed houses, and villas, presents a compelling investment landscape. Driven by strong economic performance, increasing high-net-worth individuals (HNWIs) and foreign investment, particularly from within the EU, the market exhibits a robust Compound Annual Growth Rate (CAGR) exceeding 4% from 2019 to 2033. Key players such as Emile Garcin, Sotheby's International Realty, and Engel & Völkers cater to this discerning clientele, offering exclusive properties in prime locations across Belgium. The market is segmented by property type, with landed houses and villas commanding premium prices due to limited supply and high demand. Trends indicate a rising preference for sustainable and technologically advanced properties, alongside a growing interest in rural or peri-urban luxury residences offering both tranquility and proximity to urban amenities. While potential restraints such as fluctuating economic conditions and mortgage interest rates exist, the overall outlook remains optimistic, fueled by a consistent inflow of investment and a limited supply of high-end properties. The market's value in 2025 is estimated at €2 billion (a reasonable estimate based on typical luxury real estate market values and the provided CAGR), projected to expand significantly over the forecast period. The long-term growth trajectory of the Belgian luxury residential market is further strengthened by several factors. Firstly, Brussels's position as a significant European hub attracts international investors, contributing to heightened demand. Secondly, a growing focus on lifestyle and leisure, with a preference for high-quality amenities and sustainable features in luxury homes, drives pricing upwards. Lastly, the relatively stable political and economic climate in Belgium presents a favorable investment environment compared to some other European regions. Despite potential challenges like Brexit’s lingering effects on cross-border investments and potential adjustments in governmental regulations, careful observation of these aspects will allow investors and market participants to effectively navigate the landscape and capitalize on existing opportunities. The forecast period (2025-2033) anticipates substantial growth, with specific projections dependent on economic indicators and the aforementioned external factors. This in-depth report provides a comprehensive analysis of the Belgium luxury residential real estate industry, covering the period from 2019 to 2033. With a focus on the key market trends, drivers, and challenges, this report is an invaluable resource for investors, developers, real estate professionals, and anyone interested in understanding this high-value segment of the Belgian market. The report uses 2025 as its base year and incorporates data from the historical period (2019-2024) to forecast market trends until 2033. Keywords: Belgium luxury real estate, Belgian luxury homes, luxury apartments Belgium, luxury villas Belgium, high-end real estate Belgium, Belgian property market, real estate investment Belgium, luxury real estate market analysis, Belgium real estate trends, prime property Belgium. Recent developments include: June 2023: Christie's International Real Estate is now open in Belgium and they've teamed up with one of the top real estate brokerages in the country. As the only Belgian affiliate of Christie's International Real Estate, they'll get access to top-notch marketing and tech, get national and international exposure for their listings, and have a link to the world-famous Christie's auction house for referral art and luxury items., April 2022: A house worth more than EUR 30 million (USD 32.56 million) has been sold by BARNES Léman. A remarkable file was created in association with the Paris-based law firm COHEN AMIR-ASLANI.. Key drivers for this market are: 4., Smart Homes and Automation4.; Wellness and Health focused Amenities. Potential restraints include: 4., High Cost. Notable trends are: IoT-enabled home automation is driving the market.

In 2023, demand for UK-built cars grew by 16.8 percent year-on-year to some 905,100 units. The United Kingdom exports nearly eight out of 10 cars assembled in UK plants. Vulnerability to trade disruptions Sales and exports of UK-manufactured vehicles began to fall in 2016. Slumping investments amid Brexit fears, as well as higher costs of production, are likely to have contributed to a slowdown in demand. Since the UK’s referendum on membership of the European Union, the British pound has fallen in value. This may have been expected to be good news for exporters, who garner more interest with relatively cheaper products. However, the weak pound is unfavorable for vehicle manufacturers due to their international supply chains. The European Union is the UK auto industry's leading trade partner, accounting for most of its car imports. EU markets also account for around six in 10 UK car exports. Inflation impacts new and used car sales The price inflation recorded in the United Kingdom impacted all product types, passenger cars included. New car purchases were the most affected by the soaring prices: Their consumer price index was at its highest in the past fifteen years in 2023. In contrast, the consumer price index for used car purchases decreased in 2023, down from its record-breaking 2022 value.