Housing Index in Belgium decreased to 143 points in the second quarter of 2025 from 143.08 points in the first quarter of 2025. This dataset provides - Belgium Housing Index - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for Residential Property Prices for Belgium (QBEN628BIS) from Q1 1970 to Q1 2025 about Belgium, residential, HPI, housing, price index, indexes, and price.

What is the price of a house in Belgium? In 2022, a house in Belgium would cost approximately 319,000 euros. However, that there are large price differences between the three Belgian regions. A house in the Brussels Capital-Region (the city of Brussels along and its surrounding villages) cost about double the price of a house in Wallonia. Of the Belgian provinces, houses in Hainaut were the cheapest. The ranking shown here only includes what in Flemish Dutch is referred to as “woonhuizen” and as “maisons” in French and therefore does not include apartments.

How much is an apartment in Belgium?

In 2022, an apartment in Belgium would cost approximately 260,000 euros. Apartment prices increased by about four percent compared to 2021, which was lower than the house prices (eight percent).

Is residential property in Belgium expensive when compared to the rest of Europe?

The house price index (HPI) of Belgium did not increase as fast as that of other European countries in 2022. Residential property in Belgium (which includes both newly constructed as well as existing property) increased by six percent between the second quarter of 2021 and the second quarter of 2022, whereas prices in Estonia and Czechia increased by more than 20 percent.

Belgium Luxury Residential Real Estate Market Report is segmented by Type (Apartments and Condominiums, Villas and Landed Houses), and by Region (Walloon Region, Brussels Region, Flemish Region, and the Rest of Belgium). The market size and forecasts for the Belgium Luxury Residential Real Estate Market are provided in terms of value (USD) for all the above segments.

Key information about House Prices Growth

• Belgium house prices grew 3.8% YoY in Sep 2024, following an increase of 1.8% YoY in the previous quarter.
• YoY growth data is updated quarterly, available from Mar 1974 to Sep 2024, with an average growth rate of 5.3%.
• House price data reached an all-time high of 31.2% in Sep 2005 and a record low of -8.1% in Mar 1981.

How much is the CPI of rents in Belgium? In November 2024, the Consumer Price Index reached a value of around 131.32 in the country. This is an increase of more than five index points when compared to the same month in the previous year. According to Belgium’s house price-to-rent ratio, the country’s housing market might suffer from pressures. This ratio, based on the nominal purchase price of a house divided by the annual rent of a similar place, is normally used to show the undervaluation or overvaluation of real estate prices and aims to give an indication whether or not it is cheaper to buy or to rent residential property. How much does a house cost in Belgium? In 2022, a house in Belgium would cost approximately 319,000 euros. There are, however, large differences between the three regions that exist in the country. A house in Flanders (the Dutch-speaking region), for example cost substantially more than a house in the French-speaking part of the country (Wallonia) but less than in the Brussels-Capital Region (the city of Brussels and its surrounding villages). Building permits are increasing Like in other European countries, housing prices and rents have increased due to a shortage of residential real estate. Demand increased, whilst supply could not keep up. In Belgium, Flanders is the region with the largest share of building permits issued, followed by Wallonia, and the Brussels-Capital region.

This statistic shows the percentage change on the previous year of housing prices in Belgium from the fourth quarter of 2014 to the fourth quarter of 2016. In the fourth quarter of 2014, housing prices increased by approximately one percent compared to the same quarter in the previous year.

In 2022, housing prices in Belgium rose. According to the forecast, 2023 and 2024 will follow with a slight increase of two percent. Consumers signal much uncertainty on, for example, development of unemployment, which can hamper the housing market.

Belgium’s housing prices development

For years, house prices in Belgium followed a similar growth pattern to the country’s economy. Residential property prices grew when Belgium's economy performed well but stagnated when the economy slowed down. Since 2020, however, growth has accelerated. In 2022, the average house price exceeded 319,000 euros, up from 298,000 euros the year before.

The Belgian economy faces an uncertain future

Belgium’s real estate market is closely connected to the economic performance of the country. According to a 2022 forecast, the Belgian economy was predicted to grow by 2.1 percent in 2023. This prediction reflected inflation, supply chain disruptions impacting domestic demand, as well as (a lack of) international trade impacting Belgian growth.

Residential Property Prices in Belgium increased 2.70 percent in March of 2025 over the same month in the previous year. This dataset includes a chart with historical data for Belgium Residential Property Prices.

The average price of houses in Flanders, Wallonia and the Brussels Capital Region were very different from each other in 2022. That year, a house in the Flemish region was around ******* euros. Belgium has four governments, one national and three regional: Dutch-speaking Flanders, French-speaking Wallonia and the Brussels Capital Region (the city of Brussels along with its surrounding villages). All four areas operate independently from each other. House prices in Belgium have risen in recent years, but the increase has been milder than in the Netherlands and Luxembourg.

This statistic shows the number of real estate transactions in Belgium in housing from 1990 to 2017. According to the source, the numbers provided concern 'ordinary houses' (in Flemish Dutch: gewone woonhuizen). This in contrast to other numbers, which cover 'villa's, bungalows and mansions', 'apartments, flats and studios' (in Flemish Dutch: villa's, bungalows, landhuizen) and 'building lots' (in Flemish Dutch: bouwgronden). The European housing, or residential real estate, market has recently shown clear signs of recovery, with an increasing house price being the main trend. In 2017, the total number of housing transactions in Belgium reached a value of approximately 68,536.

In recent years, the housing market in Belgium remained stable. Between 2005 and 2015 for example, the number of real estate transactions in housing in the Flemish region increased from approximately 39,500 transactions in 2005 to a value of approximately 43,000 transactions in 2014. This was due to Belgium's fiscal system. When purchasing a house in Belgium, consumers pay the asking price plus ten (in Flanders) or 12 percent (in Wallonia and the Brussels capital region) in registration rights. This makes buying a house in Belgium a long-term investment.

This corpus contains RDF conversion of datasets from the 'Statistics Belgium' (also known as Statbel) which aims at collecting, processing and disseminating relevant, reliable and commented data on Belgian society. Currently, the corpus contains three datasets: 1) Belgian house price index dataset: measures the inflation on residential property market in Belgium. 2) Employment, unemployment, labour market structure dataset: data on employment, unemployment and the labour market from the labour force survey conducted among Belgian households. 3) Unemployment and additional indicators dataset: contains unemployment related statistics about Belgium and its regions.

Belgium Luxury Residential Real Estate Market size was valued at USD 3 Billion in 2024 and is projected to reach USD 6 Billion by 2032, growing at a CAGR of 9.05% from 2025 to 2032.

Belgium Luxury Residential Real Estate Market: Definition/ Overview

Luxury residential real estate refers to high-end properties distinguished by superior quality, prime locations, and unique amenities. These homes are often built with high-quality materials and complex architectural designs, providing exceptional comfort and solitude. They frequently feature modern technologies, vast living areas, and high-end facilities such as swimming pools, private gyms, and home theatres, appealing to rich individuals seeking more than simply a place to live but also an aspirational lifestyle.

Belgium Luxury Residential Real Estate comes with extensive industry analysis of development components, patterns, flows, and sizes. The report calculates present and past market values to forecast potential market management during the forecast period between 2025 - 2033.

The Direct Real Estate Activities industry have come up against numerous headwinds in recent years, ranging from the COVID-19 outbreak in 2020 to the high base rate environment in the years since, which has inflated borrowing costs for potential buyers. This is a sharp contrast to the ultra-low interest environment seen over the decade following the 2008 financial crisis. Still, revenue is forecast to edge upwards at a compound annual rate of 0.6% over the five years through 2025 to €622.9 billion, including an anticipated rise of 0.8% in 2025. Despite weak revenue growth, profitability remains strong, with the average industry profit margin standing at an estimated 18.9% in 2025. Central banks across Europe adopted aggressive monetary policy in the two years through 2023 in an effort to curb spiralling inflation. This ratcheted up borrowing costs and hit the real estate sector. In the residential property market, mortgage rates picked up and hit housing transaction levels. However, the level of mortgage rate hikes has varied across Europe, with the UK experiencing the largest rise, meaning the dent to UK real estate demand was more pronounced. Commercial real estate has also struggled due to inflationary pressures, supply chain disruptions and rising rates. Alongside this, the market’s stock of office space isn’t able to satisfy business demand, with companies placing a greater emphasis on high-quality space and environmental impact. Properties in many areas haven't been suitable due to their lack of green credentials. Nevertheless, things are looking up, as interest rates have been falling across Europe over the two years through 2025, reducing borrowing costs and boosting the number of property transactions, which is aiding revenue growth for estate agents. Revenue is slated to grow at a compound annual rate of 4.5% over the five years through 2030 to €777.6 billion. Economic conditions are set to improve in the short term, which will boost consumer and business confidence, ramping up the number of property transactions in both the residential and commercial real estate markets. However, estate agents may look to adjust their offerings to align with the data centre boom to soak up the demand from this market, while also adhering to sustainability commitments.

Belgium - House price index, deflated was 0.70% in June of 2025, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Belgium - House price index, deflated - last updated from the EUROSTAT on October of 2025. Historically, Belgium - House price index, deflated reached a record high of 7.50% in June of 2006 and a record low of -6.70% in December of 2022.

Companies operating in the third-party real estate industry have had to navigate numerous economic headwinds in recent years, notably rising interest rates, spiralling inflation and muted economic growth. Revenue is projected to sink at a compound annual rate of 0.6% over the five years through 2025, including an estimated jump of 1.2% in 2025 to €207.6 billion, while the average industry profit margin is forecast to reach 35.1%. Amid spiralling inflation, central banks across Europe ratcheted up interest rates, resulting in borrowing costs skyrocketing over the two years through 2023. In residential markets, elevated mortgage rates combined with tightening credit conditions eventually ate into demand, inciting a drop in house prices. Rental markets performed well when house prices were elevated (2021-2023), being the cheaper alternative for cash-strapped buyers. However, even lessors felt the pinch of rising mortgage rates, forcing them to hoist rent prices to cover costs and pricing out potential buyers. This led to a slowdown in rental markets in 2023, weighing on revenue growth. However, this has started to turn around in 2025 as interest rates have been falling across Europe in the two years through 2025, reducing borrowing costs for buyers and boosting property transactions. This has helped revenue to rebound slightly in 2025 as estate agents earn commission from property transactions. Revenue is forecast to swell at a compound annual rate of 3.7% over the five years through 2030 to €249.5 billion. Housing prices are recovering in 2025 as fixed-rate mortgages begin to drop and economic uncertainty subsides, aiding revenue growth in the short term. Over the coming years, PropTech—technology-driven innovations designed to improve and streamline the real estate industry—will force estate agents to adapt, shaking up the traditional real estate sector. A notable application of PropTech is the use of AI and data analytics to predict a home’s future value and speed up the process of retrofitting properties to become more sustainable.

View quarterly updates and historical trends for Belgium House Price Index. Source: Eurostat. Track economic data with YCharts analytics.

Belgium - Housing cost overburden rate: Tenant, rent at market price was 24.10% in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Belgium - Housing cost overburden rate: Tenant, rent at market price - last updated from the EUROSTAT on September of 2025. Historically, Belgium - Housing cost overburden rate: Tenant, rent at market price reached a record high of 38.10% in December of 2014 and a record low of 24.10% in December of 2024.

The Belgium luxury residential real estate market exhibits robust growth potential, driven by a confluence of factors. With a current market size exceeding €1 billion (estimated based on typical market size relative to CAGR and other European luxury markets), the sector is projected to experience a Compound Annual Growth Rate (CAGR) of over 4.00% from 2025 to 2033. This growth is fueled by several key drivers: a steady influx of high-net-worth individuals seeking prime properties in Belgium, particularly in Brussels and coastal regions; increasing demand for unique, high-end properties offering modern amenities and sustainable features; and a relatively stable political and economic environment within the European Union, making Belgium an attractive investment destination. Furthermore, the market is segmented by property type (e.g., apartments, villas, penthouses), location (e.g., city center, coastal areas), and price range, with varying growth rates across segments. While challenges exist, such as fluctuating global economic conditions and potential interest rate hikes, the strong fundamentals of the Belgian economy and persistent demand for luxury properties suggest continued growth throughout the forecast period. The major players in this market, including Emile Garcin, Sotheby's International Realty Affiliates LLC, Redevco, and others, are well-positioned to capitalize on this expansion. These established firms leverage their expertise in luxury real estate, extensive networks, and superior marketing strategies to cater to discerning clientele. However, increasing competition among these firms and the potential entrance of new players might lead to adjustments in pricing and services, further influencing the market dynamics. The projected market size increase over the forecast period signifies a substantial opportunity for growth and investment, with the high-end segment particularly promising. Sustained economic stability and targeted marketing efforts to attract foreign investment remain critical for realizing the full potential of this dynamic market. Key drivers for this market are: 4., Smart Homes and Automation4.; Wellness and Health focused Amenities. Potential restraints include: 4., High Cost. Notable trends are: IoT-enabled home automation is driving the market.