Belgian house prices rise again, mostly in Flanders

The cost of housing in Belgium increased again last year, but less sharply than in 2022. Prices mostly increased in Flanders, according to an annual report by the statistical office Statbel.

The median prices of terraced or semi-detached houses increased by 2 per cent. The price for detached houses went up by 2.5 per cent and flats became 3.9 per cent more expensive.

“The Flemish region is the only region where prices for all categories have risen again,” Statbel said. Prices didn’t increase as sharply as in 2022, when they went up by about 7 per cent across the different categories in Flanders.

The median price of attached and semi-detached houses in Flanders was 298,120 euros, an increase of 4.6 per cent compared to 2022. Detached houses exceeded the 400,000 euro mark to 410,000, with a 3.8 per cent price increase. Flats cost 245,000 euros on average, an increase of 10,000 euros or 4.3 per cent.

Brussels was the most expensive region in 2023. Terraced and semi-detached houses cost 495,000 euros, detached houses 932,500 euros. Wallonia was the cheapest with a median price of 176,000 euros for a terraced or semi-detached house and 290,000 euros for a detached house.

Ixelles in Brussels, was the most expensive municipality for houses. The cheapest houses are in Hastière, Namur province and the most expensive flats are in Knokke-Heist, on the coast, and the cheapest in Kelmis, Liège province.

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