Though overvalued, Belgium's housing market is heading up
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Property prices in Belgium are rising again, after a short-lived decline in the first half of 2014. Nationwide, Belgian house prices rose by 1.13% (1.23% inflation-adjusted) y-o-y in 2014, based on Statistics Belgium figures. On a quarterly basis, house prices increased 1% (1.1% inflation-adjusted) in Q4 2014.
During 2014:
The purchase price of existing dwellings rose by 1.7% (1.8% inflation-adjusted) in 2014 from a year earlier. On the other hand, the price of new dwellings fell by 0.6% (-0.5% inflation-adjusted). The average price of regular houses in Belgium stood at €202,137 in the third quarter of last year:
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