2023-05-11 13:35:00
In one year, between 2020 and 2021, the median price of garages and parking spaces has increased in Belgium by 2%, to 25,500 euros. In some provinces or Regions, however, the increase is much higher: nearly 4% in Brussels (to 27,000 euros), 8.5% in the province of Luxembourg, nearly 12% for its Liège counterpart and up to 25% in Hainaut. It remained stable in Namur and fell in Walloon Brabant. This while professionals thought that a peak had been reached. Most certainly against a backdrop of changing habits in terms of mobility.
Between very strong demand…
“And it is precisely these changes that are driving up prices,” smiles Renaud Grégoire, spokesperson for Fednot, the federation of notaries, author of these statistics. “We are not yet fully in the electric movement, he details, but some anticipate the problem and opt for solutions that increase prices.” These may be owners of electric cars who buy covered car parks in a neighboring condominium to shelter and charge their vehicle, but also condominiums which, rather than authorizing the co-owners to install private charging stations, agree on a communitization of this service by acquiring, themselves, one or two private entities in order to make a charging pool. “In the process, some can double the bet to create premises for electric bikes”adds Me Grégoire who therefore sees it as one of the elements of the price increase. “Demand remains very strong.”
This upward trend in prices also has its origins in a drastic reduction in the supply of parking in the streets. “The number of places in urban centers tends to melt. Especially in cities where mobility is more complicated. And most certainly in Brussels. However, we know that in many areas, a phenomenon that is true in the capital oil stain. Today, it is in all urban centers that the price of parking is increasing.”
Will condominiums have to pre-finance a collective network of terminals?
… and unsold car parks
And if some developers complain of not selling all the parking spaces that the regional town planning codes impose on them, this has nothing to do, according to the notary, with questions of mobility but more with financial issues. “It’s well known that there are always queues of unsold car parks. But it’s not that buyers don’t want them, supports Renaud Grégoire. They have already paid for the apartment and are struggling to add the 25,000 or 30,000 euros, or even much more, for parking. But, eventually, they will buy it back…”
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