While the real estate market in Wallonia has remained stable, Brussels is witnessing an increase in prices across all types of housing.Statbel, the Belgian statistics office, has published the real estate figures for 2024. The prices of properties in Wallonia stayed consistent compared to the previous year, showing a decrease of 2.8% for apartments. In contrast, the Brussels-Capital Region continues...
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Brussels Buyers Flee to Wallonia: The Impact of Tax Cuts and Rising Prices on the Real Estate Market
Why Are Buyers Leaving Brussels to Settle in Wallonia? And How Can a Tax Reduction Drive Up Prices?The real estate market in Brussels is showing signs of stagnation. According to major real estate networks, transactions in the capital have dropped by 10% since the start of the year. The culprit? Registration fees remain at 12.5%, while Wallonia has reduced them to 3% and Flanders to 2%. Additionally, the...