Barometer of notaries: real estate transactions down in the three regions of the country

In absolute numbers, average prices continue to climb slightly everywhere with the highest increase in the province of Luxembourg for houses (+6.1%)followed by Hainaut with an increase of 4.8% for houses.

Increases are also observed in the other Walloon provinces as well as in Brussels and Flanders, but with sometimes significant variations between prices for a house or an apartment.

If houses increased by 3.5% in the province of Namur, the average price of apartments reached 0.7%, i.e. a relative stability. The opposite is true in Liège where houses are increasing little (+1.8%) compared to apartments (+5%).

In summary, overall in the three regions of the country, for houses the average price increases more in Flanders (+6.1%) to 341,635 euros than in Brussels (+4.9%) to 565,866 euros or in Wallonia (+2.5%) to 228,383 euros while for apartments, the average price increases more in Wallonia (+4.8%) to 197,342 euros than in Flanders (+2.4%) to 264,937 euros and that in Brussels-Capital (+1.5%) to 275,321 euros.

But on the side of the federation of notaries, we observe that these increases must be reconsidered if we take into account an inflation percentage estimated at 7.7%, which then means in most cases lower prices compared to those of the same previous semester (2021).

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