More residential transactions in Q3 2024
Regional Differences and Price Evolutions in the Belgian Residential Market
In the third quarter of 2024, the Belgian statistical office Statbel reported the following median property prices: apartments at €245,000, (semi-)attached houses at €275,000, and villas at €380,000.
The report highlights significant regional disparities, with the Walloon Region being the most affordable and the Brussels-Capital Region the most expensive. In Brussels, the median villa price reaches €1,020,000, while apartments have a median price of €257,000. Flemish Brabant and Walloon Brabant are the priciest provinces, whereas Limburg in Flanders and Hainaut in Wallonia offer more affordable options.
In terms of price trends, attached and semi-detached houses saw a 4.6% increase, with detached houses rising by 2.7%. Apartments experienced a modest price increase of 2.1%. Regionally, the Walloon Region recorded slight price decreases for apartments but growth in house prices, while the Flemish Region and Brussels-Capital Region continued to see significant increases.
Transactional activity has improved, with apartment sales up 7.9% in Q3 2024 compared to the same period in 2023, and 1.2% above Q3 2022. Sales of houses (excluding apartments) also increased from last year, though they remain below levels seen in Q3 2022.
