Property
The Brussels municipalities of Koekelberg and Sint-Gillis saw real estate prices rise the most last year. Sint-Pieters-Woluwe remains the most expensive municipality, Sint-Jans-Molenbeek and Anderlecht the cheapest.
In the Brussels Region, house prices rose by 1 percent last year, while apartment prices remained stable. This is close to the Belgian average with an increase of 1.4 percent for houses and 1.3 percent for apartments. However, the Brussels average hides large differences between the municipalities, according to the detailed figures from Notaris.be.
The Brussels real estate market shows a large gap between the northern municipalities near the Brussels-Charleroi canal on the one hand and the expensive municipalities in the south on the other. In 2022, the median price for a home in Sint-Pieters-Woluwe was 736,500 euros. A few kilometers away, in Sint-Jans-Molenbeek, that was less than half: 337,500. The price difference is less significant for apartments: 344,500 euros in Sint-Pieters-Woluwe compared to 194,500 euros in Anderlecht.
The price evolution also varies greatly from municipality to municipality. The municipalities in the intermediate segment experienced the largest price increases. Koekelberg (+16.3 percent for houses) and Sint-Gillis (+12.5 percent) became the most expensive. Prices also rose much more strongly than average in Jette, Ixelles and Evere. Ganshoren (-15.7 percent), Uccle (-4.5 percent) and Oudergem (-4.9 percent) recorded the largest price drops. The picture is quite similar for apartments: Sint-Gillis and Koekelberg, together with Ganshoren and Sint-Joost-ten-Noode, were the strongest risers. In the south of Brussels there were quite strong price falls. The median price for an apartment fell the most in Sint-Pieters-Woluwe (-4.3 percent), Sint-Lambrechts-Woluwe (-6.2 percent) and Watermaal-Bosvoorde (-8.3 percent).
Little new construction, low energy scores
Very few new-build apartments were sold in the fully built-up Brussels Region. If 20.4 percent of the apartments sold in Wallonia and 17.2 percent in Flanders were new construction in 2023, this was only 3.7 percent in Brussels. This translates into much lower energy scores for Brussels. According to Notaris.be, 69.3 percent of homes and apartments in Flanders now have an energy label between A+ and D. In Wallonia this is 41 percent and in Brussels only 32.8 percent. Everything else has an energy label between E and G.
