Property prices slightly down in Walloon-Brabant, market stable
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Property prices slightly down in Walloon-Brabant, market stable

©Belga
©Belga

The housing market remained stable in Walloon-Brabant in 2014, with a slight increase in the number of sales (+0.5% compared to 2013), according to figures presented by the federation of notaries on Monday. The average house price has gone down by 2%, the price of flats is down by 1.7% and villa prices have fallen by 8% But the average price per square metre for a vacant building lot has gone up by 0.7%. According to local notaries, both prices and level of activity seem to have stabilised for the Walloon-Brabant housing market. “After both prices and level of activity shot up exponentially in the past 15 years, it was to be expected that we would see a levelling off, however long it may last: the income of potential buyers cannot follow such an upswing indefinitely,” point out Walloon-Brabant notaries.

The average 2014 price of a house in Walloon Brabant was 290,775 euros, compared to 296,687 euros in 2013. As for flats, the 2014 average price was 202,513 euros, compared to 205,972 in 2013.  Prices are down for 2- and 3-bedroom flats: one-beds see their prices go up by 6%, reaching an average of 161,010 euros.

The average price of a villa went from 482,024 in 2013 to 442,208 in 2014.

(Source: Belga)

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