2023, the year of confirmation
In recent years, we often wondered whether we could really talk about a cooled market. Both in 2021 and 2022, the Belgian real estate market overheated again. First due to the influx as a result of the pandemic, and the following year due to skyrocketing energy prices combined with rising interest rates. Towards the end of 2022, it seemed that prices were no longer rising sharply. In 2023, this trend was confirmed: in the last year, house prices no longer increased and apartment prices even dropped slightly.
The only real estate that continued to rise in price in 2023 were energy-efficient homes, in both Flanders and Wallonia. A positive trend is that the share of energy-efficient homes is increasing each year, although it is still relatively limited. In 2023, energy-consuming houses decreased in price in Flanders for the first time.
This year we also delve deeper into the added value of location. Where in Belgium do you pay more than double the national average, just because the house is in one municipality and not another?
Read the full annual report here