Marie-Sol Sebrechts Gillain

Real estate prices keep going up, Sint-Martens-Latem remains the most expensive place

Statbel, the Belgian statistics agency, has released average prices for real estate across Flanders: prices are 2.2 to 4.8 percent up on the year depending on the type of real estate. The figures apply to the first six months of the year. 

Median prices for a terraced or semi-detached houses climbed 2.2 percent to reach 230,000 euros. Apartment prices rose by an average of 2.7 percent to 190,000 euros. Villas saw an increase of 4.8 percent to 325,000 euros. 

However, there are big differences between cities and the countryside, and between cities themselves. Bruges, Leuven, Antwerp and Ghent remain particularly expensive. 

Looking at the whole of Belgium, Elsene is the most expensive place to buy yourself a house

Flemish Brabant remains the most expensive province (on average), with Limburg being the cheapest. Looking at municipalities, the most expensive houses are found in Sint-Martens-Latem (south of Ghent), followed by the posh seaside resort of Knokke-Heist and Kraainem, in the Brussels edge. An average house in Latem will set you back 570,000 (median price). 

At the other end of the list are Ronse (140,000 euros), in the south of East Flanders close to the border with Hainaut, and the West-Flemish towns of Menin and Wervik. 

Looking at Belgium as a whole, the most expensive place to buy a new property is Elsene (Brussels) with a median price of 740,000. 

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