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Everything you need to know before buying real estate is included in our Belgium Property Pack
Thinking about buying a 3-bedroom apartment in Ixelles? It’s a great area, but you're probably wondering: is now the right time to buy, or should you wait for prices to drop?
And what about long-term investment—should you look into other communes like Uccle or Saint-Gilles where property values might appreciate more over time?
In this article, we’ll answer these questions. We know this market quite well - and we have put all our knowledge in the Belgium Property Pack.
Will property prices increase in Belgium in 2025?
Yes, property prices in Belgium are expected to rise in 2025, driven by a combination of high demand and a limited supply of housing.
Backed by our fresh, in-depth market analysis, we’re confident that Belgium remains an attractive market for both domestic and international investors.
While there are some economic challenges like inflation and rising interest rates, the main drivers behind Belgium’s price growth are expected to persist.
Demand, especially in urban areas, continues to outpace supply, making significant price declines unlikely. Additionally, Belgium's strategic location in Europe and its strong economic fundamentals continue to attract buyers.
Signals pointing to a property price increase in Belgium
Here are some factors suggesting prices could increase:
The ongoing shortage of new housing developments, particularly in major cities like Brussels and Antwerp, is expected to continue into 2025. This limited supply, coupled with steady demand, is likely to drive property prices upward.
Belgium's economy is projected to grow steadily, supported by strong industrial and service sectors. Economic growth typically boosts consumer confidence and purchasing power, which can lead to increased demand for housing.
Government initiatives aimed at promoting sustainable and energy-efficient housing are expected to increase the value of properties that meet these criteria, thereby pushing overall market prices higher.
The trend of urbanization is expected to continue, with more people moving to cities for better job opportunities and amenities. This urban migration is likely to increase demand for housing in urban areas, driving up prices.
Belgium's strategic location in Europe, with excellent connectivity to major cities like Paris, Amsterdam, and London, continues to make it an attractive destination for international buyers, supporting demand and price growth.
Signals pointing to a property price decrease in Belgium
Here are some factors suggesting prices could fall:
Rising inflation and living costs are putting pressure on household budgets, potentially reducing the purchasing power of middle-income buyers and dampening demand for housing.
Higher mortgage interest rates, which have increased from historically low levels, are making it more challenging for buyers to afford financing. This could particularly impact first-time buyers and those looking to invest in property, potentially cooling demand.
Economic uncertainties, such as potential slowdowns in key sectors or geopolitical tensions, could impact consumer confidence and lead to a more cautious approach to property investments, potentially affecting demand.
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If property prices go up in Belgium, how much would they increase by?
If real estate prices in Belgium were to rise in 2025, the increase would likely be around 2% to 4% of their 2024 values.
Typically, real estate in stable, mature markets like Belgium appreciates by approximately 2% to 4% annually over the long term. However, fluctuations can occur depending on factors such as region, season, and property type.
It means that, if you spot a charming 2-bedroom apartment in Brussels for 300,000 euros today, don't be surprised if it's priced between 306,000 and 312,000 euros this time next year.
To give you a better understanding, here is a table that shows 7 types of Belgian real estate properties, their estimated prices in 2024, and projections for 2025 based on potential price increases of 2%, 3%, and 4%.
| Type of Property | Average Price in 2024 (€) | Price in 2025 (2% increase) | Price in 2025 (3% increase) | Price in 2025 (4% increase) |
|---|---|---|---|---|
| Apartment in Brussels (60 sqm / 646 sqft) | €300,000 | €306,000 | €309,000 | €312,000 |
| Modern Apartment in Antwerp (75 sqm / 807 sqft) | €400,000 | €408,000 | €412,000 | €416,000 |
| Luxury Penthouse in Ghent (100 sqm / 1,076 sqft) | €800,000 | €816,000 | €824,000 | €832,000 |
| Studio in Leuven (30 sqm / 323 sqft) | €150,000 | €153,000 | €154,500 | €156,000 |
| Loft in Bruges (80 sqm / 861 sqft) | €500,000 | €510,000 | €515,000 | €520,000 |
| Townhouse in Namur (150 sqm / 1,615 sqft) | €600,000 | €612,000 | €618,000 | €624,000 |
| Investment Property in Liège (50 sqm / 538 sqft) | €250,000 | €255,000 | €257,500 | €260,000 |
Everything you need to know is included in our Property Pack for Belgium
If real estate prices go up in Belgium, which areas are likely to see the biggest increases?
Today, people who want to move to Belgium are looking for a blend of historical charm and modern amenities, which Brussels City Center offers. Hence, we could see a price increase there in 2025.
Additionally, there's been a growing interest in vibrant, youthful neighborhoods, and Ixelles has really taken off.
We like it when information is clear and easy to digest. So, here’s a table that highlights the areas where prices might rise the most, along with the reasons behind those expected increases. It’s very high-level. If you want more details on a specific area, please check our real estate pack tailored to the Belgian market.
| Neighborhood | Level of Increase | Why |
|---|---|---|
| Brussels City Center | High | Recent development of luxury housing projects and its increasing appeal to international buyers as travel normalizes post-pandemic, driving demand. |
| Ixelles | High | Expected rise due to limited housing stock, upcoming renovations to heritage buildings, and growing demand for prime properties in central Brussels. |
| Saint-Gilles | Medium-High | Ongoing gentrification and new transport links, along with several planned redevelopment projects in the area, are likely to push prices higher. |
| Antwerp City Center | Medium | The shift towards hybrid workspaces is driving demand for residential properties near business districts, combined with new mixed-use developments. |
| Leuven | Medium-High | Eco-friendly urban projects and recent construction of new schools and parks are increasing its attractiveness for families, pushing prices upward. |
| Ghent | Medium | Investment in local infrastructure, such as the extension of tram lines and renovation of historic areas, is boosting long-term value. |
| Schaerbeek | Medium-High | With new cultural and commercial spaces being developed, this trendy neighborhood is seeing increased demand from both residents and investors. |
| Etterbeek | High | Upcoming large-scale urban regeneration projects and improved public transport access are expected to make this area more desirable. |
| Waterloo | Medium-High | Its proximity to Brussels, along with new office and residential developments, makes it increasingly attractive to professionals seeking more space. |
| Uccle | Medium | Gentrification and cultural regeneration projects are attracting new residents, leading to rising prices as the area becomes more fashionable. |
| Woluwe-Saint-Pierre | High | As new luxury developments are launched, demand for premium housing among wealthy buyers is expected to further increase property values. |
| Bruges | High | Upcoming restoration of historic sites and high-profile cultural projects are driving a renewed focus on this central, historic location. |
If I'm looking to invest in real estate, what types of properties should I focus on for the best value appreciation in Belgium?
In 2025, Belgium real estate trends focus on tech-smart, energy-efficient apartments, larger suburban homes for families, properties with outdoor spaces, and eco-friendly buildings—all driving higher demand and prices. Here is a summary.
- Tech-Equipped and Energy-Efficient Apartments:
Driven by remote work and sustainability trends, these homes offer smart technology features and energy-saving systems. They cater to young professionals and tech workers, making them a hot commodity in 2025, especially in cities like Brussels and Antwerp.
- Family-Sized Apartments in Suburban Areas:
With a growing demand for larger living spaces, especially among families, suburban areas near major cities like Brussels, Ghent, and Leuven are seeing increased interest. Proximity to green spaces, schools, and efficient public transport is a major factor driving value.
- Properties with Outdoor Spaces:
Post-pandemic, outdoor spaces like terraces, balconies, or gardens have become highly desirable. In dense urban areas of Belgium, these features offer a much-needed escape and are likely to drive up property values.
- Eco-Friendly Buildings with Low Carbon Footprints:
Belgium's commitment to sustainability is boosting demand for eco-certified buildings. Buyers are increasingly valuing properties that align with the country's green goals, leading to price appreciation in this category.
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