In the first quarter of 2018, the average cost of a home has gone over 220,000 euros in Belgium, that is 3.5% more than during the first three months of last year, according to the figures published by Statbel (SPF Economy). The average cost of a house was 362,913 euros (+1.3%) while that of a flat was 226.901 euros (+1.5%).

The Brussels-Capital Region is, on average, the most expensive. A house costs, on average, 442,726 euros, a detached house 1.1 million, and a flat, about 250,000. The price of townhouses (maison de maître) and villas significantly increased: by +12% and +12.9% respectively. So, did the price of flats (+5.9%). While Molenbeek-Saint-Jean was the least expensive municipality, with a common dwelling house costing, on average, 258,031 euros, Ixelles was the most expensive: 714,592 euros.

In the Walloon Region, a common dwelling house costs, on average, 164,583 euros (+3.2%) in the first quarter of 2018, a villa 289,618 euros (+2.2%), and a flat 172,186 euros (-4.2%).

The Hainaut Province is the cheapest, with an average of 135,818 euros for a common dwelling house, against an average of 284,782 euros in Walloon Brabant, which is the most expensive province. Gedinne was the most economic municipality, with an average of 86,800 euros for a villa. Lasne was the most expensive town (576,154 euros).

In the Flemish Region, villas cost, on average, 240,319 euros, compared to 384,952 euros for a villa, and 232,564 euros for a flat.

Jason Bennett

The Brussels Times