2023-05-23 10:41:00
Location, size of housing, energy class: so many criteria that count in the choice of housing. If the 4 facade villa with a large garden makes many Belgians fantasize, real estate prices often put this dream in the closet. But, even in apartments, buyers are looking for a property with an exterior. An even more marked desire since the coronavirus pandemic, which has seen many Belgians suffer from confinement during confinement.
Apart from its geographical location, two criteria must be taken into account to measure the effect of an exterior on the price of an apartment: the surface of the terrace or balcony and the floor of the apartment, indicates Immoweb , which has just completed a study on the impact of the presence of an exterior on the selling price of apartments. “Unsurprisingly, the larger the size of the space, the higher the price of the property, going up to +20.1% for exteriors of more than 50 m².”
A terrace on the ground floor is also very popular, driving up the price of housing by 5%. Even better, the top floor raises prices by 9%, these spaces being synonymous with calm, luxury and light. The intermediate floors are less popular, especially from the first to the third, with an impact of 4.1% on the price, while they climb by 5.6% from the fourth. In comparison, from the 4th floor, the terrace brings a value of +5.6%. Another striking element: the impact of a terrace or balcony is almost twice as high on the top floor (+9%) as on the other floors of the building. Having a terrace or a balcony on the top floor of your building is synonymous with calm, luxury and light.
Apart from the floor and the surface of the terrace, the geographical location also influences. It is in Ostend that the impact on the price of the property is the greatest (+9.3%). Namur (8.4%) and Liège (7.4%) complete the podium. Next come Mechelen (6.1%), Charleroi (5.6%) and Leuven (5.3%). In our capital, the impact is 4.4%, as in Antwerp, Bruges and Hasselt. Finally, it is in Ghent (+3%) and Mons (+2.3%) that the incidence is the lowest. Thus, a terrace on the coast, as in Ostend, increases the price of an apartment twice as much as if it were located in Brussels: +9.3% in Ostend once morest +4.4% in Brussels. “At first glance, the impact on the price in the capital (+4.4%) might seem weaker because it is expressed as a percentage of the price per m². This is actually higher in absolute value in Brussels than in some other cities. For example, a 95 m² apartment with an exterior sold for €325,000 in Brussels trades for €13,700 more on average (€3,425/m²), once morest an additional €8,800 in Charleroi (€1,750 /m²)”, concludes Jonathan Frisch, real estate economist at Immoweb.
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