Between 2010 and 2018, it was revealed that there was an increasing gap between the prices of low-end and high-end properties in Wallonia. This observation was made by the Echo based on figures from Statbel Statistical Office.
In the low-end sector, there is currently a sufficiently large supply in the south of the country. In this region, there are many problems with building quality.On the other hand, prices are rising for high-end properties because there is a greater demand is for better-quality housing accessible to purchasers with sufficient resources.
This increase in the average price of an apartment in Wallonia remains comparable to that of Flanders i.e. + 25 percent from 115,000 to 144,000 euros over eight years. It is in the north that prices have increased significantly from 150,000 to 185,000 euros. For the cheapest Walloon real estate, there is an increase of 21 percent with average prices of around 72,500 euros excluding fees. On the other hand, if one considers the 10 percent of the most expensive real estate, the increase reaches on average 25 percent and the prices exceed 250 000 euros excluding expenses.
The same is true for houses with an average price increase of 16 percent and an average price of 162,000 euros. This rise reached 20 percent for the most expensive real estate with 327 000 euros while it is only 7 percent for the cheapest. This selling price of houses also varies according to the region. The cost of an average house in Liege is 260,000 euros, an increase of 37 percent; 380,000 euros in Namur with a 20 percent increase; and 197,000 euros in Charleroi with a rise of 16 percent.
If we consider the price of apartments, it is in Tournai that the increase is the largest with an increase of 41 percent for an average of 265,000 euros, followed by Namur with an increase of 32 percent and 270,000 euros. The smallest rises can be seen in Charleroi with an increase of only 5 percent, and Libs with an increase of 4 percent for average prices of 152,000 and 192,000 euros.
In Brussels, in the low-end sector, there has been an average increase in the cost of an apartment of 24 percent and sales around 200,000 euros excluding fees. The value of upmarket apartments has increased little with + 20 percent and 375,000 euros. For the sale of homes, the low-end sector has increased relatively little with an increase of 15 percent compared to 17 percent for high-end properties and 800,000 euros excluding fees.