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Brussels real estate prices continue to increase

15:43 26/09/2019

A report from Statbel, the federal government’s statistics bureau, has revealed that apartment prices in Belgium have increased with 2.7 percent, or roughly €5,000, compared to last year. The median prices for detached and semi-detached houses have also risen compared to 2018, according to the Statbel report.

The report also revealed that Brussels continues to be most expensive area for those looking to buy property. The median price for a detached house in the capital is €840,000, compared to a median price of €325,000 in Flanders. The median price for an apartment in Brussels is €200,000.

The report also shows that the median price for a semi-detached house in Brussels is €399,000, compared to €230,000 in Flanders.

Brussels’ most expensive district is Ixelles, where the median going price for a house is €740,000, while the cheapest is Molenbeek, where buying a house will cost you around €270,000.

The Walloon region remains the most affordable area in which to settle, with median prices of €145,000 for semi-detached houses and €236,000 for detached houses. The town of Hastière, in Namur, is the absolute cheapest, with the median price for a house an astonishingly low €63,000.

Written by Linda A. Thompson

Photo: Belga / Jonas Hamers