Belgian housing prices rise again, mostly in Flanders

The Belgian housing prices have gone up again last year, but less sharply than in 2022. The prices mostly increased in Flanders, shows an annual report by the Belgian statistical office Statbel.

Belgian real estate prices continued to rise in 2023, but did so to a lesser extent than the year before, show the data collected by Statbel. The median prices of attached or semi-detached houses increased by 2 per cent. The price for detached houses went up by 2.5 per cent and flats became 3.9 per cent more expensive. The median – or middle – house price is the sale price of the middle home in a list of properties ranked from highest sale price to lowest.

“The Flemish Region is the only region where prices for all categories have risen again,” stated Statbel. They however didn’t increase as sharply as in 2022, when the prices went up by about 7 per cent across the different categories in Flanders.

The median price of attached and semi-detached houses in Flanders was €298,120, an increase of 4.6 per cent compared to 2022. Detached houses exceeded the €400,000 mark to €410,000 and experienced a 3.8 per cent price increase. Flats cost €245,000, they became €10,000 or 4.3 per cent more expensive.

The Brussels-Capital Region was the most expensive region in 2023. Attached and semi-detached houses cost €495,000, detached houses €932,500. The Walloon Region was the cheapest with a median price of €176,000 for an attached or semi-detached house and €290,000 for a detached house.

Ixelles, Brussels, was the most expensive municipality for houses. The cheapest houses could be found in Hastière, Namur province. The most expensive flats were found in Knokke-Heist, on the Belgian coast, and the cheapest in Kelmis, Liège province.

#FlandersNewsService | Houses in Flanders for sale or to rent© BELGA PHOTO NICOLAS MAETERLINCK

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