The reports of the past real estate year are in and the positive trend of the past year is continuing: in 2017, there were again a record number of real estate transactions (+ 0.8%). The prices of homes and flats rose by 2.5% compared to 2016. What are the predictions for 2018? Here's a brief overview.
According to the Notary barometer, 2017 was the busiest year ever in the Belgian real estate market: just like in 2016, a record number of homes and flats changed owners, with a slight increase of 0.8% in 2017. The prices remained relatively stable with an increase of 2.5% at a 2.1 % inflation rate. A single-family dwelling sold for just over €240,000 over the real estate counter. Flats were a bit cheaper of course and went on average for just over €215,000.
To the experts, it is not surprising that the real estate market is forging ahead at full speed. With an increasing number of jobs and accompanying increasing buyer power, the Belgian resident is more optimistic than ever. Combine this with low interest rates, more beginning entrepreneurs and companies as investors and you can see where the increase in buying and selling real estate is coming from. If the interest rates stay just as low this year, 2018 will likely score even better. The prices will probably stay relatively the same: a period of stability seems imminent 1.
(1) Sources
https://www.tijd.be/r/t/1/id/9973566
https://www.immoproxio.be/nl/nieuws/opnieuw-recordjaar-voor-belgisch-vastgoed/82770/