Statbel, the Belgian statistical office, publishes today the house prices in Belgium for the third quarter of 2018.
The main results are the following:
- The Belgian median price for an attached or semi-detached house amounted to 205,000 euros in the third quarter of 2018. A buyer had to pay 290,000 euros for a detached house.
- The Walloon Region is the cheapest with a median price of 142,000 euros for an attached or semi-detached house, and 235,000 euros for a detached house.
- It is followed by the Flemish Region. Attached and semi-detached houses cost there 234,000 euros, and a detached house cost 320,000 euros.
- The Brussels-Capital Region is the most expensive region for all types of dwellings. Attached and semi-detached houses cost there 394,000 euros. The price for a detached house amounted to 987,500 euros.
Definition: The median price is the price at which 50 % of houses sold are cheaper and 50 % are more expensive. This gives a more robust result that is also more comparable over time. Indeed, median prices are less affected by extreme sales price.