2023-12-12 13:09:00
The observation is there: real estate prices recorded an increase of 3.7% across the entire Belgian territory during this year. This progression, although notable, shows significant regional disparities. Flanders is the most affected region, with an increase of 5.2%, followed by Wallonia, which recorded an increase of 3.8%. However, Brussels is an exception by showing a decrease in its median price for the purchase of a home, estimated at -6.8% in 2023.
Soaring real estate prices: “Will households be able to continue paying such prices?”
Provinces with contrasting variations
The Belgian provinces present contrasting realities in terms of increases in property prices in 2023. The provinces of Luxembourg (+7%), Limburg (+6.8%) and Hainaut (+5.1%) record the highest increases. significant. Conversely, Walloon Brabant and East Flanders show more moderate increases. It is even possible to see a drop in the province of Liège, with a slight decrease of 0.4%.
If these figures can demotivate more than one, Alexandre Desoutter, spokesperson for HelloSafe Belgium, would like to emphasize that Belgium remains a country with reasonable prices compared to other capitals. “With an overall increase of 3.7% in prices, buying a property always seems more expensive in the country. This is particularly the case in certain provinces. However, if we compare the price per square meter in Brussels to that of Amsterdam, Paris or even London, we realize that it is still affordable to live in Belgium despite the continuous rise in prices over the past 10 years. ”
“New housing is today, above all, an apartment market” (INFOGRAPHIES)
Brussels 2.3 times more expensive than Wallonia
Behind the scenes of this great real estate spectacle reveals price variations worthy of fireworks. Buying in Brussels costs 2.3 times more expensive than in Wallonia and 1.6 times more expensive than in Flanders. Wallonia, still behind the scenes, remains the most affordable place to find a corner of paradise, with an average median price of 205,000 euros, while Brussels imposes an entry on the scene at 473,125 euros.
In this real estate partition, eight Belgian cities rise above the national average price per square meter. Uccle is in the lead with an average price of 3,882 euros/m² in December 2023. It will take a dance of money to reach 3,972 euros/m² for an apartment and 3,792 euros/m² for a house.
Finally, the curtain falls on a surprising revelation: Laethem-Saint-Martin is positioned as the most expensive municipality in the kingdom, displaying a median purchase price of 855,000 euros for a house in 2023. In contrast, Hastière closes the show as the cheapest municipality, with a median purchase price of 85,000 euros.
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