The average rent for a house on the Brussels and Flemish rental market in 2021 rose to €846 in 2021, an increase that took prices to an all-time high, according to an analysis by Dewaele Real Estate Group.
Dewaele examined some 12,000 rentals in both Flanders and Brussels and found that prices increased by 4.7% or €38, reports Belga News Agency.
The jumps in cost weren’t across the board: rent for flats did not increase, remaining stable at an average of €719 a month.
“More and more renters are looking for a home with more space and prefer a house to a flat,” said real estate expert Filip Dewaele.
“The supply of rental houses cannot follow this rising demand, and the result is therefore higher house rental prices.”
Any relief regarding stable rent for apartments would be premature, however, as rent for flats is expected to rise in 2022 due to high inflation in recent months.
For a single house, the monthly rent rose to an average of €976 last year, or an increase of 3.55%. For a semi-detached house, the average is €842 per month, up 4.65%. For a closed building, the average was €813 per month, or 1.68% more than the previous year.