Belgium Sees 16.7 Percent Surge in Real Estate Sales, Driven by Growth Across All Regions

Brussels, The Gulf Observer: Real estate sales in Belgium have recorded a significant surge of 16.7 Percent over the past six months, as per the latest report released by the Federation of Notaries (Fednot). This upturn reflects a broader recovery in the housing market across all three regions of the country, with Flanders leading the rise at 18.2%, followed by Wallonia at 16%, and Brussels at 8.6%.

The average price of a residential house in Belgium during the first half of 2025 reached €346,648, marking a 5.1% increase compared to the 2024 annual average. Notable growth was observed in Walloon Brabant (+26.9%), Luxembourg (+19.8%), Namur (+16.8%), Liège (+16.2%), and Hainaut (+11.3%).

Despite common assumptions, Renaud Grégoire, a notary and spokesperson for notaire.be, stated that the surge cannot be solely attributed to tax reforms or the 3% reduced registration fee available in Wallonia for primary residences.

In Wallonia, residential property prices witnessed a 13.4% increase, reaching an average of €270,627, while Brussels reported a 1.2% price rise to €576,763. The most expensive homes in Wallonia were found in Walloon Brabant (€444,902), and the most affordable in Hainaut (€216,837).

Apartment prices remained largely stable nationwide, averaging €271,994 (+0.2%). In Wallonia, apartment prices rose by 3.9% to €206,297, and in Brussels, by 1.5% to €295,068. However, Flanders saw a slight decrease of 0.4%, with the average apartment costing €281,541.

The average age of house buyers in Belgium stood at 38 years, with regional variations: 38 in Flanders, 39 in Wallonia, and 41 in Brussels. For apartment buyers, the average age was 42, ranging from 43 in Flanders, 40 in Brussels, to 44 in Wallonia.