Monthly consumer price index of housing rent in Belgium 2019-2024
How much is the CPI of rents in Belgium? In November 2024, the Consumer Price Index reached a value of around 131.32 in the country. This is an increase of more than five index points when compared to the same month in the previous year. According to Belgium’s house price-to-rent ratio, the country’s housing market might suffer from pressures. This ratio, based on the nominal purchase price of a house divided by the annual rent of a similar place, is normally used to show the undervaluation or overvaluation of real estate prices and aims to give an indication whether or not it is cheaper to buy or to rent residential property.
How much does a house cost in Belgium?
In 2022, a house in Belgium would cost approximately 319,000 euros. There are, however, large differences between the three regions that exist in the country. A house in Flanders (the Dutch-speaking region), for example cost substantially more than a house in the French-speaking part of the country (Wallonia) but less than in the Brussels-Capital Region (the city of Brussels and its surrounding villages).
Building permits are increasing
Like in other European countries, housing prices and rents have increased due to a shortage of residential real estate. Demand increased, whilst supply could not keep up. In Belgium, Flanders is the region with the largest share of building permits issued, followed by Wallonia, and the Brussels-Capital region.
