A new tool makes it possible to find out the price per square meter per street in 12 major cities in the country.
Lhe most expensive street in Belgium according to the price per square meter is rue du Buisson in Brussels, where a square meter of living space costs on average 5,449 euros, revealed Wednesday a new free tool launched by the real estate site Immoweb. This price map shows the average price per square meter at a given address. In Belgium, a square meter of living space costs on average 2,135 euros, while in Knokke-Heist, the most expensive municipality in the country, it is 4,987 euros.
Seven of the ten most expensive municipalities in Belgium are located in the Brussels-Capital region. In Flanders, Knokke-Heist is followed by Nieuport (3,784 euros per square meter) and Kraainem (3,369 euros).
In Wallonia, Ottignies-Louvain-la-Neuve took first place with an average price per square meter of 3,162 euros, ahead of Waterloo (2,819) and La Hulpe (2,785).
The calculation method
Immoweb claims that its calculation method is based on artificial intelligence. “A machine learning algorithm calculates the value of a property based on data from Immoweb’s database as well as external socio-demographic and geographic information, such as population, income and type urbanization ”, explains the platform.
The tool, available on price.immoweb.be, can be used for 12 large cities in the country in order to find out the price per square meter per street (Brussels, Charleroi, Liège, Mons, Namur, Antwerp, Bruges, Ghent, Hasselt, Louvain , Mechelen and Ostend).