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 to be the most expensive area for all types of housing, with rising prices.
In the Brussels region, the median price of a terraced house increased by 1%, reaching €495,000. Apartments are now priced at €260,000, marking a rise of 1.9%. After a significant drop in 2023, the median price of detached houses has returned to its 2022 level, amounting to €1.1 million, an increase of 17.3%.
Wallonia and Flanders: More Affordable Regions
Wallonia remains the most affordable region in the country. The median price for a two or three-facade house is €175,000, while a four-facade house costs €290,000. These amounts are consistent with those recorded in 2022 and 2023. The prices of apartments have decreased by €5,000 compared to 2023, maintaining a median price of €175,000, the same as in 2022.
In Flanders, prices continue to rise, but at a more moderate pace: up 0.5% for two or three-facade houses, 1.2% for four-facade houses, and 2% for apartments. The median prices are set at €300,000, €414,000, and €250,000, respectively.
For Belgium as a whole, the median price for a terraced house in 2024 was €260,000, compared to €370,000 for a detached house and €243,000 for an apartment. The municipality of Knokke-Heist stands out as the most expensive area in Belgium, regardless of the type of property. Conversely, the cheapest houses can be found in Hastière (Namur province), while the most affordable apartments are located in La Calamine (Liège province).
