Home » Economy » Comparing Home Prices: Existing vs New Housing – Statbel Data Analysis

Comparing Home Prices: Existing vs New Housing – Statbel Data Analysis

by Alexandra Hartman Editor-in-Chief

2023-12-22 14:45:00

Purchasing an existing home did not cost more in the third quarter than a year earlier, according to new data published Friday by the statistical agency Statbel. On the other hand, the price of new housing increased by 5.1%.

House price inflation on an annual basis amounted to 1.2%, compared to 1.7% in the second quarter. But there therefore seems to be a significant difference between existing housing (0% inflation) and new housing (5.1%).

For four quarters, inflation for new construction has been higher than that for existing homes.

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