Wednesday, 10 April 2019
Prices of apartments on the Belgian coast were down last year for the first time since 2014 amid record real estate sales, according to Fednot, the national federation of notaries. The year 2018 saw a record 15,395 real-estate transactions on the coast, an increase of 0.6% compared to 2017, Fednot noted in its latest coastal barometer. The fourth quarter, in particular, was “the best quarter since the start” of the barometer: a “striking number” of transactions were recorded, 30% more than the other months of the year, it stressed.
On the embankment, an apartment cost an average of 320, 620 euros, 1.4% less than in 2017. Over the 2014-2018 period, average apartment prices there went up by 11.4%.
The least expensive communes were Blankenberge, Du Panne, Middelkerke and Westende, with prices averaging less than 200,000 euros and as low, on average, as 160,000 in Westende. The most expensive ones were Heist-aan-Zee and Knokke, with average prices of 342.025 and 473.112 euros.
The Brussels Times