Property price increases slowing down

According to a report published by the Federal Economy Department, real estate prices in Belgium rose slightly during 2014. However, the pace of the increase was slower than it was in 2013. Last year, an average property in Flanders cost 213,588 euro. The report also shows big regional differences in property prices. With a house in Hainaut province costing just half the price of a house in Flemish and Walloon Brabant.

The figures show a slight increase in the price of houses, villas, flats and building plots.

However, the rise in the price of houses, flats and building plots is far less pronounced than it was during 2013. Meanwhile, the price of a villa increased by about as much in 2014 as it did during 2014.

• The price of houses increased by 1.1% (Compared with 2.1% in 2013)

• The price of flats increased by an average of 0.8% last year (compared with a 2.8% increase in 2013).

• The price of villas went up by 0.6% in 2014 (compared with 0.5% in 2013).

• The price of building plots increased by 4.8% last year (compared with 6.4% in 2014).

Last year, the average price of a house in Flanders was 213,558.

In 2014, a villa cost on average 355,394 euro, while the average price of a flat was 214,465 euro.