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Record summer for real estate in Belgium

© Belga

There have never been as many real estate transactions in July and August in Belgium as there have been this year, according to figures from the Federation of Notaries, which has been compiling these data since 2007. Over the first eight months of the year, however, the decline recorded due to the confinement has not been made up for.

The number of property transactions in August rose by 14.6% in Flanders and 15.1% in Wallonia compared with the same month of the previous year. In Brussels, on the other hand, there was a decrease of 6.2%.

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At the national level, the figures for the period 1 January to 31 August show a decline of 6.4% compared with the same period last year. The number of transactions had collapsed due to containment in March (-13%), April (-23.9%) and May (-29.7%). June marked a turning point (+8.5%). July was calmer (+1.8%), before a strong recovery in August (+13.3%).

The Brussels Times