House prices in Brussels will only continue to rise. This is evident from an investigation by the notaries. In two municipalities, the price for an apartment is falling.
New figures from notary association Fednot show that the median price for an apartment in the Brussels region today is 250,000 euros. This is an increase of almost a quarter since 2018. Apartments in the Brussels municipalities account for two thirds of the real estate market.
For comparison: in Flanders the median price for an apartment is 241,000 euros, in Wallonia it is 185,000 euros.
Apartments: Sint-Pieters-Woluwe leader
The traditional price differences between the Brussels municipalities themselves largely remain intact. In Sint-Pieters-Woluwe, for example, you can now pay 360,000 euros for an apartment (+ 11%), in Auderghem 329,000 euros (+ 18%), in Uccle 325,000 euros (+ 1%) and in Ixelles 312,000 euros (+0.1%). 6 percent).
Anderlecht (187,000 euros), Ganshoren (192,500 euros) and Sint-Agatha-Berchem, on the other hand, are the only municipalities where the median price is still below the 200,000 euros mark. Among the more affordable municipalities, the price increases in Sint-Jans-Molenbeek (203,000 euros, + 7%) and especially Jette (215,000 euros, + 13%) are particularly striking.
Nevertheless, price falls can also be noted, namely in Sint-Gillis (-5%) and Anderlecht (-1%). In Sint-Agatha-Berchem, the median price for an apartment remains stable.
“The pattern seems to be: the more expensive the municipality, the greater the price increase. Only Jette escapes that dance”, responds Professor Pieter-Paul Verhaeghe (VUB). “At the same time, the price differences between the municipalities are of course related to the socio-economic profiles of the inhabitants of the municipalities.”
Houses: Frost strongest riser
Meanwhile, house prices in Brussels continue to skyrocket. Once again, Woluwe-Saint-Pierre leads the ranking: the median price for a house is no less than 725,000 euros (+ 7%). In Ixelles, that amount is 675,000 euros, a decrease of 8.5 percent. Uccle comes close with 670,000 euros, an increase of 4 percent.
At the other end of the spectrum are Koekelberg (326,650 euros, – 3.2%), Anderlecht (350,000 euros, + 7%) and Sint-Jans-Molenbeek (350,000 euros, + 13%).
In Vorst, the median price for a house rose by almost 18 percent to 518,500 euros, and that price (430,000 euros) also increased in Ganshoren by 16 percent. In Sint-Agatha-Berchem you put an extra 14 percent on the table for a house (410,000 euros). There are decreases, except in Ixelles and Koekelberg, also in Jette (385,000 euros, – 0.5%).
“It is striking that in the cheapest Brussels municipality, Koekelberg, you still pay more for a house than in Flanders (315,000 euros, red.)”, says Verhaeghe.
“My cautious expectation is that house prices will only continue to rise in Brussels. Actually, they have been rising almost continuously for half a century, but if you compare them with the prices in Paris, for example, it is still not too bad. However, Brussels has enough assets to compete with such cities and we can therefore assume that prices will continue to rise.”
