Price of building land continues to soar

The price of building land continues to soar in Belgium. During the past two decades the price of building land has quadrupled in Belgium.

Building land in Flanders has become 6 times more expensive, in Wallonia only three times.

Experts suggest that prices could rise further. During the first six months of 2013 the price of building land in Flanders rose by 5%. The figure for Wallonia is 4%, while in Brussels where building land is scarce the price is up a full 40%.