How Much Does a House Cost in Belgium Now After the Big Price Increase?

Buying a home in Belgium is becoming more expensive again. During the first half of this year, median home prices increased across Belgium for houses and apartments, according to new figures from Statbel, Belgium’s official statistics office.

Prices rose for all three main housing categories: terraced and semi-detached homes, detached houses, and apartments.

Brussels remained the most expensive region, while Wallonia continued to have the lowest prices.

Home Prices Across Belgium

For the first half of the year, the median price for a terraced or semi-detached house in Belgium was 285,000 euro. That was 1.8 percent higher than during the same period last year.

Detached houses were considerably more expensive, with a median price of 402,400 euro. Their price increased by 4.5 percent compared with the first half of the previous year.

Apartments had a median price of 257,000 euro, representing an increase of 3.2 percent.

The figures show that the rise in housing costs is affecting different types of properties across the country.

Brussels Remains the Most Expensive

The Brussels-Capital Region remained the most expensive part of Belgium for all three types of housing.

The median price for a terraced or semi-detached house reached 550,000 euro, an increase of 10 percent compared with the same period a year earlier.

Detached homes were even more expensive. Their median price reached 1,230,000 euro, up 26.2 percent year over year.

Apartments in Brussels had a median price of 275,000 euro, an increase of 3.8 percent.

These figures make Brussels significantly more expensive than the other Belgian regions, particularly for detached homes.

Wallonia Has the Lowest Prices

Wallonia remained the cheapest region for housing.

The median price of a terraced or semi-detached house was 195,000 euro, unchanged from the same period the previous year.

Detached houses increased by 1.8 percent, reaching a median price of 331,000 euro.

Apartments became 2.6 percent more expensive, with a median price of 195,000 euro.

Prices Also Rise in Flanders

Housing prices also increased in the Flemish Region. The median price for a terraced or semi-detached house reached 325,000 euro, an increase of 3.2 percent.

Detached homes reached a median price of 449,000 euro, up 5.6 percent from the previous year. Apartments reached 268,000 euro, making them 5.1 percent more expensive.

Belgium’s Most and Least Expensive Municipalities

There were also major differences between individual municipalities.

Sint-Martens-Latem in East Flanders was the most expensive municipality in the figures. The median price across all types of homes reached 863,333 euro.

At the other end of the market, Hastière in Namur had the lowest median home price, at 110,000 euro.

For apartments, Knokke-Heist in West Flanders was the most expensive municipality, with a median price of 615,000 euro.

The cheapest apartments were found in Châtelet in Hainaut, where the median price was 122,500 euro.

The latest figures highlight just how different the Belgian housing market can be depending on where buyers are looking. While prices increased across the country, the gap between the most and least expensive areas remains very large.

Related Articles

1. Houses in Brussels: Prices, Best Areas, Buying and Renting Guide.

2. Can the Belgian Government Help Pay Your Rent?