House prices rose 11pc in 2004

22nd September 2005, Comments 0 comments

22 September 2005, BRUSSELS — The price for an apartment or house in Belgium rose by 11 percent last year in comparison with 2003.

22 September 2005

BRUSSELS — The price for an apartment or house in Belgium rose by 11 percent last year in comparison with 2003.

Prices also rose by 6 percent in the first half of this year, real estate agency ERA indicated.

Prices rose primarily due to low interest rates, but also due to the fiscal amnesty, broadcaster VTM reported on Thursday.

The amnesty allowed people to use 'black money' lodged in foreign accounts to buy a house in Belgium or to purchase a second residence on the coast or in a foreign country.

Meanwhile, house prices in Wallonia are starting to overtake prices in Flanders: house prices in the French-speaking region have risen by more than 20 percent.

Despite the rising prices, home buyers are still interested in purchasing in Wallonia and also in West Flanders, except along the coast.

[Copyright Expatica News 2005]

Subject: Belgian news

0 Comments To This Article