Property prices in Belgium

The Belgian real estate market is attractive to both local and foreign investors due to a combination of reasonable prices and high quality of life. The average price per square meter of housing ranges from 1300 to 3000 euros, significantly lower than in other Western European countries, such as France and Germany. The price in regions where many international organizations are located largely depends on the area. Brussels, as an economic and cultural center, including NATO and the EU, has higher housing costs, especially in prestigious neighborhoods. Here, the average price of an apartment of about 100 sq.m is 190,000 euros, with the cost per square meter varying from 1300 to 3000 euros. In Flanders, cities like Antwerp and Ghent also have high housing costs, particularly in central areas. However, compared to Brussels, there are more affordable options. For example, a modern apartment of about 105 sq.m in the Ghent area can be found for a starting price of 237,000 euros, while prices in developing regions, such as Limburg, remain more accessible. In recent years, the Belgian real estate market has grown by 2.4% to 8% in some regions, although economic instability and rising energy costs have restrained demand. This is also linked to the increase in mortgage rates, which locals can still acquire at affordable prices. For those considering purchasing for investment purposes, apartments and houses in the centers of Brussels and Antwerp are attractive, where there is not only high rental demand but also a growing premium real estate market, including penthouses and homes with private plots. At the same time, commercial properties, from office spaces to shops, are also attracting investors. Overall, the Belgian real estate market is stable, and the country attracts foreign buyers due to the high liquidity of assets, the flexibility of the banking system, and the relative affordability of real estate by European standards.