Reasonable yields for investors in Belgian property, but high transaction costs
A picture of stability - that's Belgium's housing market. Nationwide house prices rose by 1.37% during the year to Q4 2015, following 1.13% price rises in both 2014 and 2013, according to Eurostat. However, when adjusted for inflation, house prices actually fell by 0.06%.
“The market is always very stable in Belgium and in Brussels,” says Anne Montanari of Brussels Sotheby’s International Realty. According to Victoire Properties' Jean Corman, property prices in Uccle have risen most, rising by 20% since 2008. Corman added that while house prices in Brussels and its suburbs rose by 50% from 2000 to 2008, property prices in these areas remain 15% lower than before the global economic downturn.
The average price of regular houses in Belgium was €202,796 (US$ 229,220) in Q4 2014 (later figures are not yet available):
