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House prices continue to rise

House prices continue to riseFigures released by the Belgian Economy Ministry last week show that the most expensive homes in the land stand in Brussels. In Flanders you will find the cheapest homes in Limburg Province.

House prices rose 2.7% on average last year, though more expensive single-family detached houses, often called ‘villas’ in Belgium, became cheaper.

Detached houses, mansions and bungalows became 0.3% less expensive in 2012, though building land went up by 2.4% on average last year.

Average house prices fell in 2009 only to rebound by a 4.1% increase in 2011. Last year price rises were more modest: 2.7% for the sector as a whole.

The average house in Flanders fetched 207,855 euros. An average apartment went for 206,562 euros. Flemish building land set you back 165.6 euros/m2.

In Flanders Limburg was the cheapest province, Flemish Brabant the most expensive. The town of Ronse in East Flanders recorded the lowest house prices, while suburban Kraainem outside Brussels notched up the most expensive prices: 371,348 euros on average.

In 2012 the average house set you back 353,959 euros. The average price for detached houses stood at 894,600 euros, 217,607 euros for apartments. Anderlecht was the cheapest borough, Elsene the most expensive.

NG / Together Magazine / Expatica

Reprinted with permission of Together Magazine.