image by Jerrold
Belgium real estate on sale –
The 3rd quarter, 4th quarter of 2009 and the 1st quarter of this year has seen quite a surge in the real estate prices in Belgium. The economy of Belgium has seen a sharp recovery and this has been reflected in the residential and the commercial Belgium real estate market. The 3 major regions f Belgium including Brussels have posted strong price rises in the Belgium real estate listings, in spite of the political uncertainty in the country.
Normal dwellings and residential houses were priced at 177,204 euros in the first quarter of this year in the Belgium real estate for sale property. The prices for studio apartments and larger flats were up by 5.9% and the average valuation was at 185,598 euros in the first quarter of 2010. The average price of Belgium real estate for sale for the bungalows and villas also registered a growth and was seen at 2.1% during the same quarter.
Belgium is a remarkable country and is known for its old world charm, tourism and of course, the tulips.
The capital city of Brussels is very old and very modern at the same time. This is a place of European art and culture and people from all over the world also come to city for work. In Brussels, even the Belgium real estate for sale properties registered almost a double digit growth especially for the ordinary houses. The sale properties rose to 175, while the price for the smaller apartments and flats rose to about 10% and cost almost 200,000 euros during the same period.
In Belgium both Dutch and French influences are clearly visible. The Dutch speaking Flanders, the average price of the apartments is 5.5% up from the previous quarter, while the prices for the villas increased by 1.25%.
The Wallonia region that is French speaking registered a growth of 3.9% for the ordinary houses and 3.4% for the villas. While the price of the apartments have dipped in the region according to the Belgium real estate for sale data that has been released.
The economy will continue growing and is expected to recover noticeably in 2011. The political stability of the country is undergoing changes as there are major disagreements between the Dutch and the French speaking communities. The Belgium rentals have also remained changed though the international rentals and even the rentals in other parts of Europe have undergone an increase in the first quarter of 2010. The Belgium rental yields are almost static at 5.5% (last year in 009, the yields were 5.3%. as of now there is a strong demand for the rental units in Brussels and other parts of Belgium and this should see the rental incomes increase.