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Brussels property prices are rising moderately as we reach mid-2025, with growth rates of 2-4% expected this year. After a period of stabilization in 2023-2024, the market has rebounded thanks to lower interest rates and steady demand from both local buyers and international investors.
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Brussels property prices are up 2.6% over the past year and 13.5% over five years, with new-build apartments seeing the strongest growth at nearly 24% since 2020.
Prime areas like Ixelles and Uccle command premium prices above €4,000/m², while communes like Anderlecht and Molenbeek remain more affordable at around €2,500-2,600/m².
| Property Type | Average Price/m² (June 2025) | Price Change (1 Year) |
|---|---|---|
| Apartments (Overall) | €3,408 | +2.6% |
| Houses | €3,242 | +2.1% |
| New-Build Apartments | €4,250+ | +5-7% |
| Prime Area New-Builds | €7,000+ | +6-8% |
This article is for informational purposes only and should not be considered financial advice. Readers are advised to consult with a qualified professional before making any investment decisions. We do not assume any liability for actions taken based on the information provided.
What are the current property prices in Brussels as of June 2025?
Property prices in Brussels vary significantly depending on the type and location of the property.
As of June 2025, apartments in Brussels average €3,408 per square meter, with prices ranging from €2,709 to €4,358 depending on the specific commune and property condition. Houses are slightly more affordable at €3,242 per square meter on average, ranging from €2,452 to €4,271.
In Brussels City center (postcode 1000), the average price per square meter stands at €3,296 for all property types. However, new-build apartments command significantly higher prices, averaging €404,119 for a 95m² two-bedroom unit, which translates to over €4,250 per square meter.
Prime areas are experiencing even higher valuations, with new-build apartments in top locations exceeding €7,000 per square meter, reflecting strong demand from both local and international buyers.
These price levels position Brussels as more affordable than Paris and Amsterdam but increasingly comparable to Berlin in premium segments.
How much have Brussels property prices increased over the past year?
Brussels property prices have shown moderate but steady growth over the past year.
The Brussels residential market recorded a 2.6% price increase over the past 12 months as of June 2025. This growth follows a period of stabilization in 2023-2024, when the market experienced temporary cooling due to high interest rates and political uncertainty.
Different property types have experienced varying levels of growth. Houses saw a 2.1% increase in early 2025 after declining in 2023, while new-build apartments continued their strong performance with price increases of 5-7% year-over-year.
The recovery has been supported by the European Central Bank's interest rate cuts, which began in late 2024 and continued with a 25 basis point reduction in June 2025. This has improved affordability and stimulated buyer demand across all market segments.
Looking at the longer-term trend, Brussels property prices are up 13.5% over the past five years and nearly 36% over the past decade, demonstrating the market's resilience and long-term growth potential.
Which Brussels communes are seeing the fastest price growth in 2025?
Price growth in Brussels varies significantly by commune, with prestigious areas leading the market.
The southeastern communes are experiencing the strongest price appreciation in 2025. Ixelles leads with average prices of €4,218 per square meter, followed by Etterbeek at €3,852, Auderghem at €3,833, and Uccle at €3,934. These areas benefit from excellent transport links, proximity to European institutions, and high-quality amenities.
In contrast, communes like Anderlecht (€2,619/m²), Molenbeek-Saint-Jean (€2,548/m²), and Jette (€2,743/m²) remain more affordable but are showing slower price growth. However, these areas are attracting increasing interest from first-time buyers seeking value.
| Commune | Average Price/m² | Price Growth Trend |
|---|---|---|
| Ixelles | €4,218 | Strong (4-5% annually) |
| Uccle | €3,934 | Strong (4-5% annually) |
| Etterbeek | €3,852 | Moderate (3-4% annually) |
| Auderghem | €3,833 | Moderate (3-4% annually) |
| Anderlecht | €2,619 | Slow (2-3% annually) |
| Molenbeek-Saint-Jean | €2,548 | Slow (2-3% annually) |
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What property types are experiencing the biggest price surge in Brussels?
New-build apartments are the clear winners in Brussels' property market, significantly outperforming other segments.
New construction apartments have seen prices surge by 23.9% since 2020, now averaging over €3,500 per square meter across Brussels. In prime locations, these properties command prices exceeding €7,000 per square meter, driven by strong demand from international buyers and local professionals seeking modern, energy-efficient homes.
The older apartment segment experienced a temporary price drop in 2023-2024 but is now stabilizing and expected to rise moderately throughout 2025. These properties offer better value propositions for budget-conscious buyers.
Houses in Brussels saw a price decline in 2023 but have recovered with a 2.1% increase in early 2025. The house market benefits from families seeking more space, particularly in suburban communes.
Rental buildings have remained relatively stable in value, offering consistent returns for investors despite not experiencing the same price appreciation as residential properties for sale.
What are the Brussels property price forecasts for 2026 and beyond?
Market analysts project continued moderate growth for Brussels property prices in the coming years.
For 2025, experts forecast a 3% price increase across the Brussels residential market, with 2026-2027 expected to see slightly higher growth at 3.6% annually. This steady appreciation reflects balanced supply and demand dynamics, supported by ongoing urbanization and Brussels' role as an international hub.
New-build properties and prime locations are expected to outperform the broader market, with annual price increases of 4-5% anticipated through 2027. Energy-efficient properties will likely command premium prices as new regulations restrict rent indexation for poorly performing buildings.
While specific 10 or 20-year forecasts aren't available, sustained demand from EU institutions, limited land supply, and ongoing urban development suggest continued long-term growth. However, affordability concerns and potential regulatory changes may moderate the pace of appreciation.
The market's trajectory will depend heavily on interest rate developments, with the current downward trend in ECB rates supporting positive price momentum through at least 2027.
How are ECB interest rate changes affecting Brussels property prices?
The European Central Bank's monetary policy shifts have significantly impacted Brussels' property market dynamics.
The ECB's 25 basis point rate cut in June 2025 marks a continuation of the easing cycle that began in late 2024. This follows a period of peak rates in 2023 that substantially reduced buyer purchasing power - the average area buyers could afford shrank by 16m² between 2022 and 2024.
As mortgage rates stabilized around 3% and began declining, the Brussels property market experienced renewed activity. Lower borrowing costs have particularly benefited first-time buyers, who are expected to drive much of the market activity in 2025.
The impact varies by market segment: new-build apartments have proven most resilient to rate changes, while the resale market showed more sensitivity. The recent rate cuts are expected to support a 2-4% price increase in 2025, though purchasing power remains below pre-2022 levels.
Banks have responded by easing lending criteria slightly, though they remain more conservative than during the pre-2022 period, helping to prevent excessive price speculation.
Did the June 2024 Belgian elections impact Brussels property market trends?
Political uncertainty surrounding the June 2024 federal elections created temporary market hesitation but didn't derail the underlying growth trend.
In the months leading up to the elections, some buyers and investors adopted a wait-and-see approach, delaying purchase decisions until political clarity emerged. This was particularly evident in the investment segment, where institutional buyers paused major acquisitions.
However, the Brussels residential market showed remarkable resilience throughout this period. While transaction volumes dipped slightly in Q2 2024, prices remained stable or continued rising in high-demand areas like Ixelles and Uccle.
The post-election period saw a rapid return of buyer confidence, with deferred demand contributing to increased activity in late 2024 and early 2025. The new government's commitment to maintaining favorable conditions for property ownership helped restore market momentum.
Unlike the office market, which experienced more significant disruption, residential property in Brussels proved its status as a safe haven asset during political transitions.
What role does foreign investment play in Brussels property price trends?
Foreign investment continues to be a significant driver of Brussels property market dynamics, particularly in prime residential areas.
Brussels' status as home to EU institutions attracts steady international demand, with expatriates and EU officials comprising a substantial portion of the rental market. This creates consistent demand for quality properties, supporting both purchase prices and rental yields in central communes.
While new foreign direct investment screening mechanisms were introduced, they haven't significantly restricted property market access for individual buyers. Non-EU investors continue to show strong interest, particularly in new-build developments and premium properties exceeding €500,000.
The international buyer segment has been particularly active in communes like Ixelles, Etterbeek, and the European Quarter, where proximity to EU institutions commands premium prices. These areas have seen some of the strongest price growth, partly driven by foreign demand.
Foreign capital also supports the new-build sector, with international investors financing many large-scale residential developments that are helping to address Brussels' housing supply constraints.
How do recent tax changes and housing policies affect Brussels property prices?
Several policy changes are influencing Brussels property market dynamics and price trajectories in 2025.
While Wallonia and Flanders reduced registration duties for primary residences to 3% and 2% respectively in 2025, Brussels maintains its existing rates. This creates a competitive disadvantage but hasn't significantly dampened demand given the capital's unique appeal and job market.
Energy efficiency regulations are having a notable impact on property values. New rules restricting rent indexation for properties with poor energy performance ratings are creating a two-tier market, with efficient properties commanding 10-15% premiums over comparable inefficient units.
The ongoing Civil Code reforms affecting property law and contract processes may impact transaction efficiency, though the full effects won't be clear until implementation is complete. Early indications suggest minimal impact on pricing.
Tax incentives for renovation and energy upgrades are supporting property values by encouraging owners to improve their assets, particularly in the older building stock that dominates many Brussels communes.
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What is driving demand for Brussels properties in 2025?
Multiple factors are converging to create strong demand for Brussels residential properties as we reach mid-2025.
First-time buyers are leading the charge, taking advantage of lower interest rates and wage indexation that has partially restored purchasing power. Young professionals aged 25-35 represent the most active buyer segment, particularly in affordable communes like Jette and Anderlecht.
Continued urbanization is driving demand as more people seek proximity to employment centers and urban amenities. Brussels' strong job market, anchored by EU institutions and a growing tech sector, attracts both Belgian and international talent.
Investor demand remains robust, with rental yields of 3-4% in central areas attracting both local and foreign capital. The stable rental market, supported by expatriate demand, provides predictable returns in an uncertain economic environment.
Demographic shifts, including smaller household sizes and an aging population seeking downsized urban properties, are creating sustained demand for apartments. This trend particularly benefits the new-build sector, which offers modern amenities and accessibility features.
Supply constraints in desirable areas continue to support prices, with limited new development opportunities in established communes maintaining scarcity value.
How do Brussels property prices compare to other European capitals in 2025?
Brussels occupies a middle position among European capitals, offering better value than Western peers while commanding premiums over Eastern European cities.
Brussels remains significantly more affordable than Paris, where prime new-build apartments average €10,000-13,000 per square meter compared to Brussels' €7,000+ in top areas. The price differential makes Brussels attractive for investors seeking European capital exposure at lower entry points.
Compared to Amsterdam, where new-builds in prime areas fetch €7,000-8,500 per square meter, Brussels offers similar pricing in its best neighborhoods but substantially lower prices in middle-market areas. Amsterdam's average prices exceed Brussels by approximately 15-20%.
The gap with Berlin has narrowed considerably. Berlin's prime new-builds now command €6,000-7,500 per square meter, making Brussels only marginally more expensive in top segments while offering better political stability and international connectivity.
| City | Average Price/m² (City-wide) | Prime New-Build Price/m² |
|---|---|---|
| Brussels | €3,408 | €7,000+ |
| Paris | €10,000+ | €10,000-13,000 |
| Amsterdam | €5,500 | €7,000-8,500 |
| Berlin | €5,000 | €6,000-7,500 |
| Madrid | €4,200 | €6,000-7,000 |
Are Brussels property prices expected to continue rising through 2025?
All indicators point to continued price growth in Brussels' residential market through the remainder of 2025.
Market fundamentals remain strong, with demand outpacing supply in most segments. The 3% price growth forecast for 2025 appears conservative given current momentum, with some analysts suggesting actual growth could reach 4% if interest rates continue declining.
New-build apartments will likely lead the market, with 5-7% price increases expected in prime areas. This segment benefits from energy efficiency premiums and strong international demand that shows no signs of abating.
The broader market should see steady appreciation of 2-4%, supported by improving affordability as interest rates decline and wages adjust for inflation. First-time buyer activity is expected to remain robust through year-end.
Potential headwinds include affordability constraints in premium areas and possible regulatory changes, but these are unlikely to reverse the upward trend. Brussels' fundamentals - limited supply, international appeal, and economic stability - support continued price appreciation.
We made this infographic to show you how property prices in Belgium compare to other big cities across the region. It breaks down the average price per square meter in city centers, so you can see how cities stack up. It's an easy way to spot where you might get the best value for your money. We hope you like it.
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Conclusion
This article is for informational purposes only and should not be considered financial advice. Readers are advised to consult with a qualified professional before making any investment decisions. We do not assume any liability for actions taken based on the information provided.
Brussels property prices are showing steady growth as of June 2025, with a 2.6% increase over the past year and projections of 3-4% annual growth through 2027. New-build apartments and prime locations are leading the market, while more affordable communes offer opportunities for first-time buyers.
The answer to whether Brussels property prices are going up is: Yes. The market has recovered from its 2023-2024 stabilization period and is now experiencing moderate but consistent price appreciation across most segments, supported by lower interest rates, strong demand fundamentals, and Brussels' enduring appeal as an international capital.
Sources
- Immoweb Price Observatory - Brussels Capital Region
- Immoweb Price Observatory - Brussels City
- PropertyWeb - Rising Prices of New-Build Apartments
- GR Properties - Brussels Market Analysis 2024-2025
- Nested Life - Brussels Real Estate Trends 2025
- Brussels Times - First-Time Buyers 2025
- Brussels Times - Residential Market Stability
- European Central Bank - Monetary Policy Decisions
- KBC Economics - Belgian Regional Housing Markets
- Statbel - Belgian House Price Index