House prices will rise most strongly in Flanders in 2023

House prices will rise most strongly in Flanders in 2023
House prices will rise most strongly in Flanders in 2023
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For a house in Flanders in closed or semi-detached buildings (i.e. with two or three facades), the median price rose in 2023 to just under 300,000 euros: 298,120 euros or 4.6 percent more than in 2022. The median price for an open building exceeded 400,000 euros, up to 410,000 euros. An apartment in Flanders became 4.3 percent more expensive to 245,000 euros.

“The Flemish Region is the only region where prices have risen again for all categories,” says Statbel. Price increases were higher in 2022; then it was about 7 percent in the various categories in Flanders.

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The most expensive Flemish province is Flemish Brabant, the cheapest is Limburg. At municipal level, the West Flemish seaside resort of Knokke-Heist is the most expensive for both houses (median price 737,500 euros) and apartments (555,000 euros).

Among the houses, the East Flemish Sint-Martens-Latem comes in second (705,000 euros), and the Flemish Brabant facility municipality Kraainem comes in third (622,500 euros). As far as apartments are concerned, Knokke-Heist is followed by the municipality of Bonheiden (352,300 euros) and Overijse, in Flemish Brabant (350,000 euros).

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At the other end of the list, the West Flemish municipality of Menen is the cheapest place to buy a house in Flanders. At 180,000 euros, it is the only municipality where the median price for a house is still below 200,000 euros. Ronse, in East Flanders, is the second cheapest municipality for a house (207,750 euros), followed by the West Flemish Lo-Reninge (210,000 euros). When it comes to apartments, Menen is the second cheapest Flemish municipality, with a median price of 170,000 euros. Only Flemish Brabant Landen is even cheaper (160,000 euros). The West Flemish city of Roeselare is in third place (175,500 euros).

Throughout Belgium, the median price for a closed or semi-detached building was 260,000 euros in 2023 (+2 percent compared to 2022). For an open-plan building this was 369,000 euros (+2.5 percent) and for an apartment 239,000 euros (+3.9 percent).

The most expensive municipality in the entire country to buy a house is the Brussels municipality of Ixelles, with a median price of 827,500 euros. The most expensive apartments are in Knokke-Heist. The cheapest municipality in all of Belgium for a house is Hastière, in the province of Namur (91,000 euros). For an apartment this is Kelmis, in the province of Liège (60,000 euros).

READ ALSO. Last ‘ordinary’ house in the most expensive residential street in Antwerp is looking for a new owner for one million

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