2023-11-18 07:00:00
Sales and prices of houses and apartments: how the real estate market is doing in Belgium
In a region where the age of buildings – and therefore of properties – is generally higher than in Flanders, the proliferation of housing is however not very homogeneous. Quite the contrary…
What houses and apartments are worth in Wallonia and Brussels in 2023: price trends in the municipalities
So, in which province are we seeing the most new homes? And in which municipality in the south of the country have we seen housing growth the most over the last 25 and 10 years? Start of response thanks to the figures published in October 2023 by the National Statistics Office.
1. Luxembourg, the province where housing has exploded the most
If it still constitutes the “poorest” province in terms of housing, Luxembourg – which recorded 150,625 homes on January 1 – is the one which, proportionally, has caught up the most over the last 25 years.
Why has my property tax increased by 10% and how can I pay it?
According to Statbel, between 1998 and 2023, the number of apartments and houses jumped by 39% compared to 28% for the national average. And the trend is confirmed since the green province is also the one where, proportionally, addresses have multiplied the most (13%) over the last decade.
Conversely, Hainaut is the Belgian province where the total number of housing units has increased the least (20%) since 1998.
2. Cerfontaine, the Walloon exception of the last 25 years
Obviously, with such upward trends, it is logical that Walloon municipalities are also directly concerned by the creation of new housing since 1998.
And here once more, the largest increases are observed in the province of Luxembourg, such as Vaux-sur-Sûre (73%) and Léglise (67%). However, two other regions of Wallonia are not left out: eastern Walloon Brabant (Perwez, Walhain, etc.) and several nearby entities (Gembloux, Hannut, etc.) but also the Verviet region ( Jalhay, Welkenradet, Baelen,…).
Ultimately, only one municipality in the south of the country has seen the share of its housing decrease over the last 25 years: Cerfontaine. In this small Namur entity of 5,000 souls, the authorities have recorded a 5% drop in the number of homes since 1998. But even in this specific case, the trends vary…
In fact, since 2013, the number of housing units listed in Cerfontaine has increased by around 18%.
3. Housing that (often) multiplies more quickly
Final observation: the proportion of new apartments and houses has increased almost three times faster in 25 years than the share of the population (11%) in Wallonia. But here once more, disparities, more numerous than just for housing, exist in the municipalities in the south of the country. Example in particular in Aiseau-Presles where housing has increased by 14% since 1998 while the inhabitants are a little less numerous (-1%) while, at the same time, Ramillies sees its population multiply (31%) more quickly as its houses and apartments (25%).
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