Housing
Statbel, the Belgian statistical office, publishes today the house prices in Belgium for the whole year 2019, down to the municipal level. Prices of all types of houses have continued to rise, more than last year. The sharpest price increases concerned attached and semi-detached houses. The lowest increases concerned apartments. These are the results for the year 2019. They are not yet impacted by the current coronavirus crisis.
Main results for 2019:
- The Belgian median price for an attached or semi-detached house amounts to 215,000 euros. The median price for a detached house is 300,000 euros.
- The Brussels-Capital Region is the most expensive region. Attached and semi-detached houses cost there 400,000 euros. The price for a detached house amounts to 865,000 euros.
- The Walloon Region is the cheapest with a median price of 148,000 euros for an attached or semi-detached house, and 240,000 euros for a detached house.
- Prices in the Flemish Region are between these two extremes: attached and semi-detached houses cost there 240,000 euros, and detached houses cost 330,000 euros.
- On 30 September 2019, the new Flemish government announced that the housing bonus for all transactions would be abolished from 1 January 2020 onwards. This caused a rush on real estate in the fourth quarter of 2019. The effect on transactions in Flanders in 2019 compared to 2018 was the most felt for attached or semi-detached houses (+71.9 %) and the least for apartments (+40.9 %).