Overview | How much have house prices increased in your municipality?
The corona crisis had a major impact on the real estate market in 2020. Real estate sales prices rose by more than 6 percent last year. More expensive houses with gardens and three-bedroom apartments were particularly popular. Yet there are very strong differences between the municipalities.
This is evident from figures from the notary federation. Despite the corona crisis and the strong contraction of the economy, real estate prices grew strongly in 2020. This is mainly due to the second half of the year. Last year, an average of 306,629 euros was paid for a house in Flanders. Compared to 2019, this is a price increase of 6.7 percent.
But these underlying figures do point to strong differences between the municipalities. For example, the price in Zwalm fell by an average of 22.3 percent compared to a year earlier. There were also marked declines in other municipalities across the country. In Borsbeek, Halen, De Pinte and Koekelare, for example, declines of more than five percent were recorded.
However, the number of places with a clear price increase is in the majority, so that the map of Flanders is mainly colored red. Increases of more than 10 percent are also no exception.
The images of the provincial capitals paint a slightly different picture. Earlier this week, it turned out that some municipalities of Ghent, Bruges or Hasselt also became cheaper, while some others became considerably more expensive.