Belgian apartment prices fell 3.1% in 2012, largely because of weakness in Flanders

The Dutch-language press in Belgium is reporting that Belgium experienced a 3.1% decline in apartment prices nationwide, largely because of weakness in the Dutch-speaking region of Flanders. This price fall is in stark contrast to 2011 when apartment prices in Belgium rose 8.4%. The data suggests that the sovereign debt crisis in Europe is taking its toll on the Belgian economy and leading to weakness in the housing market.
There are large differences between the Belgian regions, however. In Flanders, prices fell 2.5%. In Wallonia, prices rose 1.3%. In the capital Brussels, in particular, the market was still robust with prices up 4.4% in 2012.
Moreover, house prices in Belgium are still higher year-on-year, although the more volatile quarter-to-quarter numbers showed a drop. In Q4 2012,...


As this site is now reader-supported via Patreon, the remainder of this article is only available to subscribers at a specific patronage level. Articles at patronage levels BRONZE, SILVER, and GOLD are denoted by the categories in blue capital letters above the post. Posts categorized DAILY are available to both SILVER and GOLD patrons.

Click here to join. Your readership is greatly appreciated!

Registered users can log in by entering details here or below.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More