Housing Index in Belgium increased to 143.12 points in the first quarter of 2025 from 142.18 points in the fourth quarter of 2024. 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 Q4 2024 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.

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.

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.

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.

Residential Property Prices in Belgium increased 2.86 percent in December of 2024 over the same month in the previous year. This dataset includes a chart with historical data for Belgium Residential Property Prices.

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.

Building contractors and developers depend on various socio-economic factors, including property values, underlying sentiment in the housing market, the degree of optimism among downstream businesses and credit conditions. All of these drivers typically track in line with economic sentiment, with recent economic shocks spurring a difficult period for building contractors and developers. Nonetheless, the enduring need for building services, particularly to tackle housing shortages across the continent, ensures a strong foundation of work. Revenue is forecast to grow at a compound annual rate of 2.3% to reach €1.3 trillion over the five years through 2025. Operational and supply chain disruption caused by the pandemic reversed the fortunes of building contractors and developers in 2020, as on-site activity tumbled and downstream clients either cancelled, froze or scaled back investment plans. Aided by the release of pent-up demand and supportive government policy, building construction output rebounded in 2021. Excess demand for key raw materials led to extended lead times during this period, while input costs recorded a further surge as a result of the effects of rapidly climbing energy prices following Russia’s invasion of Ukraine. Soaring construction costs and the impact of interest rate hikes on both the housing market and investor sentiment led to a renewed slowdown in building construction activity across the continent. However, falling inflation and the start of an interest rate cutting cycle have spurred signs of a recovery in new work volumes, supporting anticipated revenue growth of 2.3% in 2025. Revenue is forecast to increase at a compound annual rate of 6.7% to €1.7 trillion over the five years through 2030. Activity is set to remain sluggish in the medium term, as weak economic growth and uncertainty surrounding the impact of the volatile global tariff environment on inflation and borrowing costs continue to weigh on investor sentiment. Contractors and developers will increasingly rely on public sector support, including measures to boost the supply of new housing, as countries seek to tackle severe housing shortages. Meanwhile, the introduction of more stringent sustainability requirements will drive demand for energy retrofits.

The Belgian luxury residential real estate market, encompassing apartments, condominiums, landed houses, and villas, presents a compelling investment landscape. Driven by strong economic performance, increasing high-net-worth individuals (HNWIs) and foreign investment, particularly from within the EU, the market exhibits a robust Compound Annual Growth Rate (CAGR) exceeding 4% from 2019 to 2033. Key players such as Emile Garcin, Sotheby's International Realty, and Engel & Völkers cater to this discerning clientele, offering exclusive properties in prime locations across Belgium. The market is segmented by property type, with landed houses and villas commanding premium prices due to limited supply and high demand. Trends indicate a rising preference for sustainable and technologically advanced properties, alongside a growing interest in rural or peri-urban luxury residences offering both tranquility and proximity to urban amenities. While potential restraints such as fluctuating economic conditions and mortgage interest rates exist, the overall outlook remains optimistic, fueled by a consistent inflow of investment and a limited supply of high-end properties. The market's value in 2025 is estimated at €2 billion (a reasonable estimate based on typical luxury real estate market values and the provided CAGR), projected to expand significantly over the forecast period. The long-term growth trajectory of the Belgian luxury residential market is further strengthened by several factors. Firstly, Brussels's position as a significant European hub attracts international investors, contributing to heightened demand. Secondly, a growing focus on lifestyle and leisure, with a preference for high-quality amenities and sustainable features in luxury homes, drives pricing upwards. Lastly, the relatively stable political and economic climate in Belgium presents a favorable investment environment compared to some other European regions. Despite potential challenges like Brexit’s lingering effects on cross-border investments and potential adjustments in governmental regulations, careful observation of these aspects will allow investors and market participants to effectively navigate the landscape and capitalize on existing opportunities. The forecast period (2025-2033) anticipates substantial growth, with specific projections dependent on economic indicators and the aforementioned external factors. This in-depth report provides a comprehensive analysis of the Belgium luxury residential real estate industry, covering the period from 2019 to 2033. With a focus on the key market trends, drivers, and challenges, this report is an invaluable resource for investors, developers, real estate professionals, and anyone interested in understanding this high-value segment of the Belgian market. The report uses 2025 as its base year and incorporates data from the historical period (2019-2024) to forecast market trends until 2033. Keywords: Belgium luxury real estate, Belgian luxury homes, luxury apartments Belgium, luxury villas Belgium, high-end real estate Belgium, Belgian property market, real estate investment Belgium, luxury real estate market analysis, Belgium real estate trends, prime property Belgium. Recent developments include: June 2023: Christie's International Real Estate is now open in Belgium and they've teamed up with one of the top real estate brokerages in the country. As the only Belgian affiliate of Christie's International Real Estate, they'll get access to top-notch marketing and tech, get national and international exposure for their listings, and have a link to the world-famous Christie's auction house for referral art and luxury items., April 2022: A house worth more than EUR 30 million (USD 32.56 million) has been sold by BARNES Léman. A remarkable file was created in association with the Paris-based law firm COHEN AMIR-ASLANI.. 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.

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.

Belgium Median Property Price: Houses data was reported at 215.000 EUR th in 2017. This records an increase from the previous number of 210.000 EUR th for 2016. Belgium Median Property Price: Houses data is updated yearly, averaging 198.500 EUR th from Dec 2010 (Median) to 2017, with 8 observations. The data reached an all-time high of 215.000 EUR th in 2017 and a record low of 180.000 EUR th in 2010. Belgium Median Property Price: Houses data remains active status in CEIC and is reported by Statistics Belgium. The data is categorized under Global Database’s Belgium – Table BE.EB004: Residential Property Prices: Annual.

This statistic shows the average selling price of houses in Flanders, Wallonia and the Brussels Capital Region (Belgium) from 1996 to 2017 (in euros). Belgium as a country has the unique situation that it has four governments: one national and three regional. These governments sometimes work together, but also do things differently from another. When looking at Belgium, one therefore also has to look at the regional level. 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). In 2017, a house would cost 234,000 euros on average in the Flemish region in Belgium.

During the coronavirus (COVID-19) crisis in 2020, house prices in Belgium continued increasing. Unsurprisingly, the Brussels-Capital Region was the most expensive region for housing.

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 Median Property Price: Houses: with 2 or 3 Facades: Closed Type & Semi Closed Type data was reported at 205.000 EUR th in Sep 2018. This records an increase from the previous number of 195.000 EUR th for Jun 2018. Belgium Median Property Price: Houses: with 2 or 3 Facades: Closed Type & Semi Closed Type data is updated quarterly, averaging 175.000 EUR th from Mar 2010 (Median) to Sep 2018, with 35 observations. The data reached an all-time high of 205.000 EUR th in Sep 2018 and a record low of 156.000 EUR th in Mar 2010. Belgium Median Property Price: Houses: with 2 or 3 Facades: Closed Type & Semi Closed Type data remains active status in CEIC and is reported by Statistics Belgium. The data is categorized under Global Database’s Belgium – Table BE.EB003: Residential Property Prices.

Real residential property prices Y-on-Y, percent change in Belgium, December, 2024 The most recent value is -0.31 percent as of Q4 2024, a decline compared to the previous value of 0.36 percent. Historically, the average for Belgium from Q1 1990 to Q4 2024 is 2.46 percent. The minimum of -5.82 percent was recorded in Q4 2022, while the maximum of 10.47 percent was reached in Q1 1990. | TheGlobalEconomy.com

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.

Companies operating in the third-party real estate industry have had to navigate numerous economic headwinds in recent years, ranging from rising interest rates, spiralling inflation and muted economic growth. Revenue is projected to sink at a compound annual rate of 3.7% over the five years through 2024, including an estimated slump of 2.1% in 2024 to €196.2 billion, while the average industry profit margin is forecast to reach 34.6%. Amid spiralling inflation, central banks across Europe ratcheted up interest rates, resulting in borrowing costs skyrocketing in 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, being the cheaper alternative for cash-strapped buyers. However, even lessors felt the pinch of rising mortgage rates, forcing them to hoist rent to cover costs and pricing out potential buyers. This led to a slowdown in rental markets in 2023, weighing on revenue growth. Revenue is forecast to swell at a compound annual rate of 4% over the five years through 2029 to €238.7 billion. Following a correction during 2024, housing prices are set to being 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, which has been heavily invested in, will force estate agents to adapt, shaking up the traditional real estate industry. A notable application of Proptech is the use of AI and data analytics to predict a home’s future value.