Belgium Residential MarketView 1H 2023

The Residential Real Estate Market in Belgium

oktober 9, 2023 6 minuut Read

Residential MarketView_972x1296

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Report's key takeaways

  • Volume of residential transactions decreased in Q1 and Q2 2023 due to rising interest rates.
  • Despite the drop in volume, prices for apartments and houses continued to rise in Q2 2023.
  • Rising financing costs, construction costs and land prices are leading to higher sales prices of newly-developed apartments across Belgium.
  • Newly-built apartments in Brussels now cost in between  €3,000/m² and €6,000/m².
  • Issued building permits for newly-built apartments have trended down since 2014 and are -29.8% below record year 2018.