April 15, 2024

Taylor Daily Press

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Home prices rose to 10 percent: This is how much you pay for...

Home prices rose to 10 percent: This is how much you pay for…

Buying a terraced home in Flanders has become at least 10 percent more expensive within a few months, according to state statistics office Statbel. I have already lost about 260,000 euros to a listed house in Flanders. In the elegant Knokke, its price even reaches 770,000 euros.

Werner Roomers

The real estate market is moving very fast. This summer, civil notaries risked “a fear of losing influence”: according to them, the demand for real estate is so great that potential buyers open their wallets wide to be able to buy a home, which increases home prices.

This is also reflected in government figures on the real estate market, compiled by Statbel.

If home prices “only” rose 3 percent between 2019 and 2020, the increase in the first half of this year — compared to the first half of last year — is just under 10 percent. The so-called average price – the price in the middle – for a listed house in Flanders is already around 260 thousand euros. The open plan is 7 percent more expensive and now costs around €365,000. Apartments rose 6 percent, to nearly 220 thousand euros.

Prices for the whole of Flanders hide significant regional differences. At the provincial level, Flemish Brabant is the most expensive and Limburg the cheapest: a listed house in Limburg (€215,000), for example, is about €90,000 cheaper than a Flemish Brabant. For a detached Limburg building (285,000), the price difference with Flemish Brabant is about 130,000 euros.

Then there are outliers like Knokke, where the average price of all homes sold is now 770,000 and slowly but surely approaching €800,000.

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The cheapest houses are traditionally found in southwest Flanders: in Flitteren, Menen and Rhone you can buy a house for around 170,000 euros.