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- 15 min read
- 13th February 2025
Real Estate Market Analysis 2024 in the Province of Liège and 2025 Forecasts
The Belgian real estate market in 2024 shows a certain stability after several years of significant fluctuations, according to the closing report of the 2024 Notary Barometer. Nationally, the distribution of sales deeds remains constant with 63% in Flanders, 28% in Wallonia, and 9% in Brussels. However, a slight increase in sales in Brussels stands out. But what about the Province of Liège?
The Province of Liège in Numbers
The Province of Liège accounts for 29% of the Walloon market and 9% of the national market, aligning with its population share in Belgium (10%). In 2024, 75.1% of residential properties sold were houses, while apartments accounted for 24.9% of transactions, a rate higher than the regional average (20.2%).
Since January 1st, 2025: A Rebound in Liège's Real Estate Market
Since January 1st, 2025, the real estate market in Liège has experienced a noticeable resurgence, mainly due to a significant reduction in registration fees in Wallonia. This tax reform aims to make property ownership more accessible to a larger number of citizens.
Reduced Registration Fees: A Boost for Buyers
The reform, effective from the start of the year, reduced registration fees from 12.5% to 3% for the purchase of a primary and sole residence in Wallonia. This measure aims to encourage homeownership, particularly for young adults looking to fulfill their real estate dreams.
Impact on Liège's Real Estate Market
In Liège, this decrease in registration fees has energized the real estate market. Potential buyers, attracted by lower acquisition costs, are more inclined to invest in the region.
Houses: Price Trends and Market Distribution
General Trend:
In Wallonia, the median price of houses decreased by 1% compared to the previous year, marking the first decline after several years of continuous increases (2020-2023). The median price in 2024 is €208,000, €2,000 less than in 2023.
Province of Liège:
The median price of a house is €210,000, slightly above the regional median (+1.0%) but well below the national price (-€85,000 or -28.8%). Over five years, the median price increased by +16.7%, from €180,000 in 2020 to €210,000 in 2024.
Analysis by Municipality: Where to Invest in the Province of Liège?
Affordable Areas: The city of Liège (€185,000), Herstal (€189,000), and Seraing (€161,525) have the lowest prices in the province.
Significant Increases: Clavier (+37.2%), Comblain-au-Pont (+28.6%), and Trooz (+16.1%) saw the highest price increases in 2024.
Popular Municipalities: The most expensive houses are in Neupré (€290,500), Chaudfontaine (€290,050), and Dalhem (€290,000).
Apartments: A Growing Market
The apartment market in the Province of Liège shows a growth dynamic:
Transaction Distribution: 24.9% of real estate transactions involved apartments, the highest percentage in Wallonia after Walloon Brabant (26.6%).
Price Evolution: In 2024, apartment prices decreased by 5.0% in Wallonia after inflation, while they increased in Flanders (+2.3%) and Brussels (+2.6%).
National Positioning: The median price of apartments in Wallonia remains below €200,000, significantly lower than the national average (-€65,000).
Real Estate Projects and Urban Development: A Landmark Project Becomes Reality
In Liège, the Rives Ardentes district is now a reality. Located on a peninsula in the heart of the city, this new urban space has been welcoming its first residents for several months. Comprising modern buildings, apartments, and individual houses, it offers a living environment focused on nature and sustainable mobility. The neighborhood also includes urban gardens, local shops, and essential infrastructures like a daycare and a school, enhancing its growing attractiveness. With this urban transformation, Liège strengthens its dynamism and attracts more and more buyers looking for a contemporary and sustainable lifestyle.
Real Estate Market Outlook in the Province of Liège
In 2024, the real estate market in the Province of Liège is characterized by:
Price Stability: Moderate growth and relative stability compared to other regions.
Affordability: The Province of Liège remains one of the most affordable areas in Belgium, with prices below the national average.
Investment Opportunities: Developing areas like Rives Ardentes, Clavier, and Comblain-au-Pont offer interesting potential for capital gains.
Future Prospects and Why Invest in Liège?
With the combination of reduced registration fees, innovative urban development projects, and a growing market share, Liège positions itself as an attractive city for real estate investors and future homeowners. From affordable zones for first-time buyers to more sought-after municipalities for families seeking a comfortable living environment, this dynamic is expected to continue, contributing to the revitalization and economic growth of the region.
If you want to learn more about the real estate market in the Province of Liège or explore available opportunities, contact Engel & Völkers Liège today for personalized support.
