Belgian housing market continues to weaken, amidst worsening economy
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Belgium’s housing market is now weakening, mainly due to stricter banking criteria and worsening economy.
Prices of “regular” houses in Belgium rose by 2.6% in 2012, to €194,394 (0.17% inflation-adjusted), according to Statistics Belgium (StatBel). Quarter-on-quarter, house prices actually dropped 0.87% (-1.23% inflation-adjusted) in Q4 2012.
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