Belgium, with its rich history, diverse culture, and strategic location in Europe, has always been a sought-after destination for real estate investors and homeowners alike. Statbel, the national statistics office, recently released data on real estate prices for the first half of 2023. The findings reveal the most expensive municipalities across the three main regions of Belgium: Wallonia, Flanders, and Brussels.
Wallonia: A blend of affordability and charm
While Wallonia is known for its picturesque landscapes and historic towns, it remains the most affordable region in Belgium. The prices mentioned are based on all types of houses, whether detached, semi-detached, or terraced.
1. Lasne: With 54 transactions in the first half of 2023, the median price stands at €617,500.
2. Waterloo: 121 transactions were recorded with a median price of €517,500.
3. La Hulpe: The median price here is €477,500 based on 36 transactions.
4. Rixensart: With 81 transactions, the median price is €462,000.
5. Chaumont-Gistoux: The median price is €455,000 from 41 transactions.
Flanders: The epitome of luxury
Flanders, with its vibrant cities and coastal towns, boasts some of the most expensive real estate in the country.
1. Sint-Martens-Latem: The median price is a whopping €855,000 based on 40 transactions.
2. Knokke-Heist: Known for its beaches and luxury lifestyle, the median price here is €815,000 from 131 transactions.
3. Kraainem: With 44 transactions, the median price is €727,500.
4. Wezembeek-Oppem: The median price stands at €600,000 based on 61 transactions.
5. Rhode-Saint-Genèse: With 77 transactions, the median price is €570,000.
Brussels: The heart of European luxury
Brussels, the capital region, unsurprisingly remains the priciest. Its status as the de facto capital of the European Union and its cosmopolitan vibe make it a hotspot for high-end real estate.
1. Ixelles: With 42 transactions, the median price is €812,500.
2. Woluwe-Saint-Pierre: 88 transactions were recorded with a median price of €757,875.
3. Uccle: Known for its green spaces and upscale neighborhoods, the median price is €645,000 based on 135 transactions.
4. Woluwe-Saint-Lambert: With 75 transactions, the median price is €605,000.
5. Watermael-Boitsfort: The median price stands at €600,000 from 41 transactions.
Conclusion
The real estate market in Belgium continues to thrive, with prices reflecting the desirability of each region. Whether you’re looking for luxury in Flanders, affordability in Wallonia, or the cosmopolitan allure of Brussels, Belgium offers a diverse range of options for every investor and homeowner.
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