PRESS RELEASE Brussels, 24 August 212 ARE PROPERTY PRICE INCREASES COMING TO A STANDSTILL? In the first quarter of 212 average property prices still increased slightly compared to the same period last year, but the increase seems to have reached a standstill in the second quarter. - Regular houses became 2.9% more expensive. The increase was 4.2% last year. - Villas, bungalows and country houses became 1% more expensive. The increase was 3.7% last year. - Flats and building plots both became slightly over 5% more expensive: flats increased by 5.5%, building plots by 5.7%. These increases seem to have reached a standstill in the second quarter. The following quarters will confirm if this trend continues. This press release contains annual and quarterly comparisons. The appendix contains a table with average prices of the last three years and an overview of the least and most expensive provinces and municipalities. More detailed information can be found on our website http://www.statbel.fgov.be. All prices mentioned in this press release are average prices. They are expressed in euros per property sold for regular houses, villas and flats. Average prices of building plots are expressed in euros per square metre. These statistics are based on data from the Land Register of the FPS Finances and concern those sales that are subject to registration duties.
Annual comparison Belgium Because there are only prices available for the first semester of 212, the comparison of the annual figures below will only take into account average prices calculated based on the first semester. The decreasing average house prices in 29 evolved into price increases from 21 onward. Since then the prices increased less considerably over time. This trend continued until the first semester of 212. - Regular houses (191,211 euros) became 2.9% more expensive. The increase was 4.2% last year. - Villas, bungalows and country houses (33,74 euros) became 1% more expensive. The increase was 3.7% last year. Flats and building plots both became slightly over 5% more expensive: - Flats (21,545 euros) became 5.5% more expensive. The increase was 3.6% last year. - Building plots (14.8 euros/m²) became 5.7% more expensive, compared to a price decrease by 4.6% last year. BELGIUM 21 212 /21 212/ regular houses 178,293 185,792 191,211 +4.2% +2.9% villas, bungalows, country houses 315,73 327,512 33,74 +3.7% +1.% apartments, flats, studios 184,299 19,966 21,545 +3.6% +5.5% building plots 13.9 99.1 14.8 4.6% +5.7% (dwellings: euros per house sold / building plots: euros per square metre) (the average prices are based on the first semester of each year) Graphical representation 35. 3. 25. 2. 15. 1. 5. /m² 12 1 8 6 4 2 Regular houses ( ) Villas ( ) Appartements ( ) Building plots ( /m²) 23 24 25 26 27 28 29 21 212 (left axis = regular houses, villas and flats in euros / right axis = building plots in euros/m²) (the chart is based on the average prices of the first semester of each year)
Flemish Region A regular house in the Flemish Region cost on average 25,38 euros. The average prices were 354,719 euros for a villa and 26,617 euros for a flat. The prices for building plots amounted on average to 164.9 euros/m². The cheapest province was Limburg, where on average 181,544 euros was paid for a regular house. Flemish Brabant had the most expensive houses (235,837 euros). The cheapest municipality was Ronse, where a regular house cost on average 125,886 euros. The most expensive municipality was Kraainem, where people paid on average 379,635 euros. (See appendix) FLEMISH 21 212 /21 212/ regular houses 189,274 198,716 25,38 +5.% +3.2% villas, bungalows, country houses 337,866 35,979 354,719 +3.9% +1.1% apartments, flats, studios 188,878 196,64 26,617 +4.1% +5.1% building plots 155.1 154.6 164.9.3% +6.6% (dwellings: euros per house sold / building plots: euros per square metre) Graphical representation (the average prices are based on the first semester of each year) 4. 35. 3. 25. 2. 15. 1. 5. /m² 18 16 14 12 1 8 6 4 2 23 24 25 26 27 28 29 21 212 Regular houses ( ) Villas ( ) Appartements ( ) Building plots ( /m²) (left axis = regular houses, villas and flats in euros / right axis = building plots in euros/m²) (the chart is based on the average prices of the first semester of each year)
Walloon Region In the Walloon Region regular houses cost on average 144,256 euros. The average prices were 264,37 euros for a villa and 16,359 euros for a flat. Building plots cost on average 49.5 euros/m². The cheapest province for regular houses was Hainaut with 124,121 euros on average. Walloon Brabant was the most expensive province with an average house price of 24,79 euros. The most expensive municipality was Lasne (448,912 euros); the cheapest municipality Quaregnon, where houses had an average price of 92,26 euros. (See appendix) WALLOON 21 212 /21 212/ regular houses 135,738 14,93 144,256 +3.2% +3.% villas, bungalows, country houses 254,24 259,463 264,37 +2.1% +1.9% apartments, flats, studios 142,669 148,24 16,359 +3.8% +8.3% building plots 47. 47.7 49.5 +1.7% +3.6% (dwellings: euros per house sold / building plots: euros per square metre) (the average prices are based on the first semester of each year) Graphical representation 3. /m² 6 25. 2. 15. 1. 5. 5 4 3 2 1 Regular houses ( ) Villas ( ) Appartements ( ) Building plots ( /m²) 23 24 25 26 27 28 29 21 212 (left axis = regular houses, villas and flats in euros / right axis = building plots in euros/m²) (the chart is based on the average prices of the first semester of each year)
Brussels Capital Region In the Brussels Capital Region regular houses cost on average 353,458 euros. The average prices were 933,254 euros for a villa and 215,115 euros for a flat. Building plots cost on average 471.6 euros/m². The cheapest municipality was Anderlecht, where a regular house cost on average 239,299 euros. The most expensive municipality was Ixelles, where people paid on average 511,86 euros. (See appendix) BRUSSELS CAPITAL 21 212 /21 212/ regular houses 339,934 341,55 353,458 +.3% +3.6% villas, bungalows, country houses 82,69 1,14,272 933,254 +26.4% 8.% apartments, flats, studios 199,127 22,15 215,115 +1.5% +6.4% building plots 468.3 442. 471.6 5.6% +6.7% (dwellings: euros per house sold / building plots: euros per square metre) (the average prices are based on the first semester of each year) Graphical representation 1.2. 1.. 8. 6. 4. 2. 23 24 25 26 27 28 29 21 212 /m² 5 (left axis = regular houses, villas and flats in euros / right axis = building plots in euros/m²) (the chart is based on the average prices of the first semester of each year) 45 4 35 3 25 2 15 1 5 Regular houses ( ) Villas ( ) Appartements ( ) Building plots ( /m²)
Comparison per quarter The table below presents an overview of the average prices per quarter for Belgium and the three regions for the different types of property. These figures suggest that the average prices for all types of property throughout the country decreased slightly in the second quarter of 212. However, average prices of building plots showed a remarkable increase. The same evolution occurred in the Flemish Region for houses. Compared to the entire country, building plots hardly increased in price. A similar evolution was registered for houses in the Walloon Region, with the exception that the average prices for flats increased slightly. Building plots became considerably more expensive in the second quarter, by 18.7%. The average prices in the Brussels Capital Region fluctuate to a much larger extent, because there were considerably fewer transactions in this region compared to the two other regions. This was especially the case for villas and building plots. Regular houses and flats revealed slight price increases. dwellings: euros per dwelling sold building plots: euros per square metre 21 (Q3) 21 (Q4) (Q1) (Q2) (Q3) (Q4) 212 (Q1) 212 (Q2) BELGIUM FLEMISH WALLOON BRUSSELS CAPITAL regular houses 183,849 183,27 185,699 185,877 191,829 189,984 191,284 191,142 villas, bungalows, country houses 321,463 324,663 324,299 33,525 335,5 332,418 332,42 329,21 apartments, flats, studios 189,222 197,958 189,752 191,972 197,559 21,9 21,664 21,427 building plots 1.8 12.9 1.6 97.9 16.7 15.6 1.7 18.9 regular houses 195,64 195,146 198,196 199,183 24,59 22,224 25,332 24,76 villas, bungalows, country houses 343,4 349,258 349,52 352,32 353,412 355,73 356,746 352,848 apartments, flats, studios 194,88 25,148 195,741 197,375 2,878 27,429 27,21 26,12 building plots 153.2 158.3 152.6 156.3 162. 155.8 164.5 165.2 regular houses 142,71 143,954 14,59 139,624 147,538 146,18 144,829 143,698 villas, bungalows, country houses 258,729 256,392 256,466 262,476 268,992 265,581 266,454 262,47 apartments, flats, studios 147,212 157,312 144,243 151,2 154,753 161,42 159,853 16,831 building plots 47. 47. 49.1 46.6 48.5 51. 45.3 53.8 regular houses 339,644 326,243 341,841 34,285 355,91 357,76 351,98 354,937 villas, bungalows, country houses 1,63,99 942,858 956,11 1,74,197 1,115,386 956,277 838,276 1,31,398 apartments, flats, studios 2,37 26,863 21,791 22,457 214,212 29,467 213,648 216,476 building plots 415.9 272.6 474.2 41.8 4.9 451. 334.4 549.9
Additional information For more information, please contact Stephan Moens: 2/277.63.47 stephan.moens@economie.fgov.be Source Directorate General Statistics and Economic Information Additional figures Tables with detailed data can be found on: http://statbel.fgov.be/nl/statistieken/cijfers/economie/bouw_industrie/vastgoed/index.jsp
Appendices Overview The table below lists the average prices in the first semester of the last available years. Average sales prices 21 (dwellings: euros per dwelling sold) (building plots: euros per square metre) 212 /21 212/ BELGIUM FLEMISH WALLOON BRUSSELS CAPITAL ANTWERP FLEMISH BRABANT WALLOON BRABANT WEST FLANDERS EAST FLANDERS HAINAUT LIÈGE LIMBURG LUXEMBOURG NAMUR regular houses 178,293 185,792 191,211 +4.2% +2.9% villas, bungalows, country houses 315,73 327,512 33,74 +3.7% +1.% apartments, flats, studios 184,299 19,966 21,545 +3.6% +5.5% building plots 13.9 99.1 14.8 4.6% +5.7% regular houses 189,274 198,716 25,38 +5.% +3.2% villas, bungalows, country houses 337,866 35,979 354,719 +3.9% +1.1% apartments, flats, studios 188,878 196,64 26,617 +4.1% +5.1% building plots 155.1 154.6 164.9.3% +6.6% regular houses 135,738 14,93 144,256 +3.2% +3.% villas, bungalows, country houses 254,24 259,463 264,37 +2.1% +1.9% apartments, flats, studios 142,669 148,24 16,359 +3.8% +8.3% building plots 47. 47.7 49.5 +1.7% +3.6% regular houses 339,934 341,55 353,458 +.3% +3.6% villas, bungalows, country houses 82,69 1,14,272 933,254 +26.4% 8.% apartments, flats, studios 199,127 22,15 215,115 +1.5% +6.4% building plots 468.3 442. 471.6 5.6% +6.7% regular houses 27,671 216,249 221,195 +4.1% +2.3% villas, bungalows, country houses 368,967 377,21 379,96 +2.2% +.8% apartments, flats, studios 166,773 173,56 178,995 +4.% +3.2% building plots 161.5 159.7 178.9 1.1% +12.1% regular houses 22,29 231,473 235,837 +5.1% +1.9% villas, bungalows, country houses 369,327 38,384 399,998 +3.% +5.2% apartments, flats, studios 197,361 197,528 211,989 +.1% +7.3% building plots 172.1 175. 185. +1.7% +5.7% regular houses 214,214 231,44 24,79 +8.% +4.% villas, bungalows, country houses 385,26 4,113 4,692 +3.9% +.1% apartments, flats, studios 188,832 197,319 211,976 +4.5% +7.4% building plots 97.1 99.4 87.7 +2.3% 11.8% regular houses 167,994 178,181 186,919 +6.1% +4.9% villas, bungalows, country houses 351,473 386,418 37,885 +9.9% 4.% apartments, flats, studios 22,24 232,967 242,817 +5.8% +4.2% building plots 165.5 158.6 175.9 4.2% +1.9% regular houses 175,2 185,76 192,691 +6.1% +3.8% villas, bungalows, country houses 319,378 332,75 331,75 +4.%.1% apartments, flats, studios 187,923 196,995 27,142 +4.8% +5.2% building plots 151.7 155.9 15.9 +2.8% 3.2% regular houses 117,636 12,171 124,121 +2.2% +3.3% villas, bungalows, country houses 221,668 225,134 234,643 +1.6% +4.2% apartments, flats, studios 128,1 128,42 14,84.% +9.4% building plots 47.8 47.7 52.1.1% +9.3% regular houses 136,817 141,34 147,618 +3.3% +4.5% villas, bungalows, country houses 214,882 217,47 216,84 +1.%.1% apartments, flats, studios 131,269 135,612 148,553 +3.3% +9.5% building plots 42. 43.3 44.2 +3.% +2.1% regular houses 169,21 175,356 181,544 +3.7% +3.5% villas, bungalows, country houses 249,33 251,596 259,487 +.9% +3.1% apartments, flats, studios 172,41 176,971 191,389 +2.7% +8.1% building plots 118.9 124.3 132.8 +4.5% +6.8% regular houses 149,67 147,717 144,473.9% 2.2% villas, bungalows, country houses 217,4 218,257 215,693 +.6% 1.2% apartments, flats, studios 134,767 148,24 157,588 +1.% +6.3% building plots 3.2 29.8 33.6 1.3% +12.6% regular houses 151,37 153,455 154,74 +1.4% +.4% villas, bungalows, country houses 28,64 214,296 222,24 +3.% +3.7% apartments, flats, studios 154,138 161,226 169,453 +4.6% +5.1% building plots 41. 4.4 43.3 1.5% +7.3%
Least and most expensive provinces in 212 (first semester) The table below lists the most and least expensive provinces by region for the first semester of 212. most expensive province least expensive province FLEMISH regular houses villas, bungalows, country houses apartments, flats, studios building plots FLEMISH BRABANT 235,837 FLEMISH BRABANT 399,998 WEST FLANDERS 242,817 FLEMISH BRABANT 185 /m² LIMBURG 181,544 LIMBURG 259,487 ANTWERP 178,995 LIMBURG 133 /m² WALLOON regular houses villas, bungalows, country houses apartments, flats, studios building plots WALLOON BRABANT 24,79 WALLOON BRABANT 4,692 WALLOON BRABANT 211,976 WALLOON BRABANT 88 /m² HAINAUT 124,121 LUXEMBOURG 215.693 HAINAUT 14,84 LUXEMBOURG 34 /m² Houses: most and least expensive municipalities The table below lists the most and least expensive municipalities for Belgium and the regions based on the average prices of regular houses in the first semester of 212. Belgium most expensive municipalities average price least expensive municipalities average price 1 IXELLES (126) 511,86 1 QUAREGNON (71) 92,26 2 WOLUWE SAINT PIERRE (96) 495,729 2 FRAMERIES (112) 94,765 3 WOLUWE SAINT LAMBERT (78) 478,221 3 FLORENVILLE (17) 94,941 4 ETTERBEEK (59) 455,388 4 BOUSSU (72) 95,52 5 LASNE (17) 448,912 5 QUIEVRAIN (24) 95,273 6 UCCLE (117) 448,844 6 COLFONTAINE (112) 96,577 7 WATERMAEL BOITSFORT (35) 427,791 7 HASTIERE (13) 1,154 8 AUDERGHEM (75) 386,33 8 FARCIENNES (45) 12,964 9 KRAAINEM (42) 379,635 9 HERBEUMONT (7) 13,357 1 LA HULPE (13) 378,77 1 MOMIGNIES (18) 14,833 11 WEZEMBEEK OPPEM (25) 371,76 11 BOUILLON (22) 14,949 12 BRUXELLES (24) 338,711 12 ERQUELINNES (34) 16,682 13 SAINT GILLES (74) 336,774 13 SERAING (275) 16,766 14 KNOKKE HEIST (56) 329,714 14 CHARLEROI (91) 16,871 15 FOREST (66) 326,288 15 PALISEUL (11) 17,159 16 TERVUREN (35) 323,191 16 DOUR (13) 17,341 17 RIXENSART (26) 322,835 17 MEIX DEVANT VIRTON (8) 17,5 18 MEISE (37) 318,83 18 VIROINVAL (3) 18,245 19 LINKEBEEK (11) 39,736 19 LIBRAMONT CHEVIGNY (9) 18,444 2 BOECHOUT (22) 39,659 2 SIVRY RANCE (16) 18,556
Flemish Region most expensive municipalities average price least expensive municipalities average price 1 KRAAINEM (42) 379,635 1 RONSE (156) 125,886 2 WEZEMBEEK OPPEM (25) 371,76 2 ZOUTLEEUW (28) 131,96 3 KNOKKE HEIST (56) 329,714 3 MENEN (188) 137,662 4 TERVUREN (35) 323,191 4 KLUISBERGEN (15) 139,133 5 MEISE (37) 318,83 5 GINGELOM (35) 141,417 6 LINKEBEEK (11) 39,736 6 LEDEGEM (34) 141,721 7 BOECHOUT (22) 39,659 7 LO RENINGE (11) 141,853 8 OVERIJSE (31) 295,694 8 HEERS (15) 143,267 9 RIJKEVORSEL (16) 294,229 9 TONGEREN (18) 143,282 1 HERNE (7) 29,36 1 GERAARDSBERGEN (137) 144,696 11 SCHILDE (24) 288,135 11 PITTEM (13) 146,462 12 LEUVEN (263) 287,849 12 LEOPOLDSBURG (3) 149,298 13 DAMME (24) 285,271 13 HEUVELLAND (29) 149,466 14 LINT (15) 283, 14 WERVIK (73) 149,978 15 ZAVENTEM (76) 282,99 15 NIEUWERKERKEN (19) 152,289 16 BRASSCHAAT (99) 28,238 16 WEVELGEM (123) 153,166 17 WEMMEL (46) 279,42 17 LIERDE (2) 153,513 18 HOEILAART (24) 278,958 18 MEEUWEN GRUITRODE (7) 154,786 19 SINT GENESIUS RODE (29) 278,259 19 POPERINGE (79) 155,95 2 EDEGEM (6) 275,784 2 ALVERINGEM (19) 155,647 Walloon Region most expensive municipalities average price least expensive municipalities average price 1 LASNE (17) 448,912 1 QUAREGNON (71) 92,26 2 LA HULPE (13) 378,77 2 FRAMERIES (112) 94,765 3 RIXENSART (26) 322,835 3 FLORENVILLE (17) 94,941 4 WATERLOO (43) 35,77 4 BOUSSU (72) 95,52 5 CHAUMONT GISTOUX (1) 298,82 5 QUIEVRAIN (24) 95,273 6 OTTIGNIES LOUVAIN LA NEUVE (37) 291,986 6 COLFONTAINE (112) 96,577 7 CHASTRE (1) 285,1 7 HASTIERE (13) 1,154 8 JALHAY (1) 262,45 8 FARCIENNES (45) 12,964 9 BRAINE L ALLEUD (78) 261,833 9 HERBEUMONT (7) 13,357 1 WALHAIN (16) 261,156 1 MOMIGNIES (18) 14,833 11 GREZ DOICEAU (26) 256,819 11 BOUILLON (22) 14,949 12 BURDINNE (8) 254,65 12 ERQUELINNES (34) 16,682 13 BRAINE LE CHATEAU (31) 25,55 13 SERAING (275) 16,766 14 GEER (12) 247,5 14 CHARLEROI (91) 16,871 15 FLOBECQ (8) 245,25 15 PALISEUL (11) 17,159 16 WAVRE (56) 243,586 16 DOUR (13) 17,341 17 SILLY (14) 236, 17 MEIX DEVANT VIRTON (8) 17,5 18 OLNE (9) 223,738 18 VIROINVAL (3) 18,245 19 AUBEL (7) 222,929 19 LIBRAMONT CHEVIGNY (9) 18,444 2 RAMILLIES (15) 222,33 2 SIVRY RANCE (16) 18,556 Brussels Capital Region most expensive municipalities average price least expensive municipalities average price 1 IXELLES (126) 511,86 1 ANDERLECHT (197) 239,299 2 WOLUWE SAINT PIERRE (96) 495,729 2 SAINT JOSSE TEN NOODE (31) 243,377 3 WOLUWE SAINT LAMBERT (78) 478,221 3 GANSHOREN (28) 253,875 4 ETTERBEEK (59) 455,388 4 JETTE (75) 269,887 5 UCCLE (117) 448,844 5 EVERE (53) 274,151