Flanders housing market cools off 18/01/2006 00:00
18 January 2006
BRUSSELS — The Flemish housing market cooled off in 2004, real estate agency network ERA said on Wednesday.
A study of 3,000 house and apartment sales indicated that the average price rose less quickly last year than it did in 2004.
A house in Flanders now costs on average EUR 183,000, while an apartment is going for EUR 132,000.
While prices for houses and apartments rose by 9.5 and 17.5 percent respectively in 2004; prices rose by just 7.6 and 5.3 percent in 2005.
The prices refer to existing buildings rather than newly-constructed homes, newspaper 'Het Nieuwsblad' reported.
ERA official Iain Cook attributed the slowdown in apartment price rises was due to the rapid growth of newly-built homes. An oversupply is feared.
Homes also were up for sale for longer in 2005 than in 2004. In 2004, a home was on average up for sale in Flanders for 101 days compared with 109 last year.
[Copyright Expatica News 2006]
Subject: Belgian news
0 reactions to this article
- Terminally ill British teenager wins right to die : Hannah Jones, 13, wins the right to refuse a heart transplant after her court case is dropped.
- Sex trumps sport as sleeping aid : Latest research shows that sex before bedtime relaxes your body and will contribute to a good and healthy rest at night.
- Tainted body paint recalled in Australia : Melamine was found Wednesday in a chocolate-flavoured body paint imported from China.
- Bittersweet feelings during election season : Expatica poll reveals what Americans feel about being abroad during the US Presidential election.
Advertisement
top3
- Education
- Educating your family and yourself abroad
- International schools in Belgium
- Inquiry-based learning
- Employment
- Setting up a business in Belgium
- Is your NetRep spoiling your employment chances?
- Jobs in Belgium
- International life
- 7 steps to financial independence
- Swimming in Brussels
- Expat blogs
