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.”
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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.
