many banks already lowered their economic outlooks in March 2020.
Belgium's house prices grew by more than 3.5 percent year-on-year (or 2.7 percent when adjusted for inflation) in early 2020, a slowdown from previous quarters. Nonetheless, figures from the first quarter of 2020 followed a similar pattern as earlier numbers, because house prices in the country continued to rise. Although not at the level of the housing boom of the years prior to 2008, residential property prices in Belgium followed economic performance. House prices grew when Belgium's economy performed well, but stagnated when the economy slowed down. What the influence of COVID-19 will be for the housing market remains to be seen, although Percentage change on previous year of residential property prices in Belgium from Q2 2007 to Q2 2020
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Statistics
Statista. (November 2, 2020). Percentage change on previous year of residential property prices in Belgium from Q2 2007 to Q2 2020 [Graph]. In Statista. Retrieved May 11, 2024, from https://www.statista.com/statistics/1154684/annual-house-price-change-in-belgium/
Statista. "Percentage change on previous year of residential property prices in Belgium from Q2 2007 to Q2 2020." Chart. November 2, 2020. Statista. Accessed May 11, 2024. https://www.statista.com/statistics/1154684/annual-house-price-change-in-belgium/
Statista. (2020). Percentage change on previous year of residential property prices in Belgium from Q2 2007 to Q2 2020. Statista. Statista Inc.. Accessed: May 11, 2024. https://www.statista.com/statistics/1154684/annual-house-price-change-in-belgium/
Statista. "Percentage Change on Previous Year of Residential Property Prices in Belgium from Q2 2007 to Q2 2020." Statista, Statista Inc., 2 Nov 2020, https://www.statista.com/statistics/1154684/annual-house-price-change-in-belgium/
Statista, Percentage change on previous year of residential property prices in Belgium from Q2 2007 to Q2 2020 Statista, https://www.statista.com/statistics/1154684/annual-house-price-change-in-belgium/ (last visited May 11, 2024)
Percentage change on previous year of residential property prices in Belgium from Q2 2007 to Q2 2020 [Graph], Statista, November 2, 2020. [Online]. Available: https://www.statista.com/statistics/1154684/annual-house-price-change-in-belgium/