Average price of regular houses exceeds 220,000 euros for the first time

Housing
Real Estate

Statbel, the Belgian statistical office, publishes the property prices for the first quarter of 2018. The price of a regular house in Belgium amounted to 221,061 euros on average in the first quarter of 2018, or 3.5% more than in the first quarter of 2017. The average prices were 362,913 euros (+ 1.3%) for a villa and 226,901 euros (+ 1.5%) for a flat.

Compared to the evolution between 2016 and 2017 (first quarters), the price of regular houses and flats has risen slightly more. The increase is less strong for the villas (from 3.5% between 2016-2017 to 1.3% between 2017-2018).

BELGIUM 2016 2017 2018 evolution % evolution %
(Q1) (Q1) (Q1) 2017/2016 Q1 2018/2017 Q1
Regular houses 206,893 213,672 221,061 +3.3% +3.5%
Villas, bungalows, country houses 346,257 358,293 362,913 +3.5% +1.3%
Apartments, flats, studios 220,918 223,448 226,901 +1.1% +1.5%
(average price in euros per dwelling sold)

The decreasing average house prices in 2009 evolved into price increases from 2010 onward. Up to 2014, property prices have increased at an ever slower pace. From 2015 on, the price increase rate goes up again for villas. Flats and regular houses followed in 2016. Since then, price increases for the different categories have ranged from 1 to 3.5%.

Graf_BE_EN_Q1-2018.png

Average sales prices (euros)