According to credit insurer Allianz Trade, Belgian homeowners have little to worry about. Although house prices are going to rise more slowly than inflation, real price declines would be unlikely.
Everything indicates that the long period of price increases in the private real estate market in Belgium is over. As a result, an engine for power growth disappears – at least temporarily.
The essence: Allianz Trade made an assessment of the risks on several European real estate markets. In the Netherlands and Germany, price drops of 8 percent are possible by the end of 2024, is the conclusion. But in Belgium, a stabilization of prices is rather expected.
What preceded it: “the real value of housing fell in 2022, given that the nominal increase in value of 6.1 percent does not outweigh an average inflation rate of 9.1 percent for 2022.
