June 9, 2023

Taylor Daily Press

Complete News World

Check real estate prices in your municipality

Based on registered deeds of sale, according to Statbel, it appears that the average price for a closed or semi-detached building in Flanders in the fourth quarter was €285,000. In the third quarter it was still 295,000 euros.

The price of a detached house fell from €400,000 to €390,000 in the fourth quarter. The average apartment price fell from €240,000 to €239,000 in the fourth quarter.

However, it was more expensive to buy a house or apartment in 2022 than in 2021. In Flanders, enclosed or semi-detached buildings cost 7.5 percent more than in 2021 (€285,000). The cost of detached buildings (395,000 euros) and apartments (235,000 euros) was 6.8 percent. Across Belgium, the average price of enclosed or semi-detached buildings in 2022 was €2,022 higher than in 2021. Detached buildings cost €23,000 more last year than the previous year, and the extra cost of an apartment was €11,000.

The Flemish municipalities where real estate was the most expensive in 2022 were Knokke-Heist and Sint-Martems-Latem, with an average price of €750,000 per house. In Sint-Martens-Latem this amounted to €950,000 for a detached house, and €1,460,000 in Knokke.

The cheapest municipality in Flanders was Menen, with an average house price of €179,000.

Knokke also had the highest percentage of apartments, with an average price of €545,000. Menin was also the cheapest of the apartments, with an average price of €149,000.

Last year, the most expensive municipality in the entire country was Ixelles in Brussels, where the average house price was €790,000. The cheapest municipality in all of Belgium was Hastière in Namur, with an average price of €78,000 per house. Knokke was the most expensive of the apartments, and Vielsalm in Luxembourg was the cheapest with an average price of €85,000 per apartment.

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