Building permits for newly constructed residential real estate in Belgium 1996-2017
Total number of building permits issued for newly constructed residential real estate in Belgium from 1996 to 2017*
This statistic shows the total building permits issued in Belgium for newly constructed residential real estate from 1996 to 2017. In 2017, approximately 22,500 permits were issued for the construction of new housing in Belgium. This is a decrease when compared to the previous year.
The European housing, or residential real estate, market has recently shown clear signs of recovery, with an increasing house price being the main trend. In recent years, the housing market in Belgium remained stable. Between 2005 and 2014, for example, the number of real estate transactions in housing in the Flemish region increased from approximately 39,500 transactions in 2005 to a value of approximately 43,000 transactions in 2014. This was due to Belgium's fiscal system. When purchasing a house in Belgium, consumers pay the asking price plus ten (in Flanders) or 12 percent (in Wallonia and the Brussels capital region) in registration rights. This makes buying a house in Belgium a long-term investment.
Between the fourth quarter of 2016 and the third quarter of 2017, the house price index of Belgium increased from 149 to 153, whilst the indices of Luxembourg and the Netherlands increased from 152 to 162 and 101 to 107 respectively in the same period. In February 2017, the confidence indicator of the construction sector in Belgium reached a level of approximately -5.3. This was lower than the European average.
Total number of building permits issued for newly constructed residential real estate in Belgium from 1996 to 2017*
Loading statistic...
| Number of building permits issued | |
|---|---|
| 1996 | 33,774 |
| 1997 | 34,457 |
| 1998 | 24,987 |
| 1999 | 29,388 |
| 2000 | 26,604 |
| 2001 | 24,825 |
| 2002 | 23,805 |
| 2003 | 25,203 |
| 2004 | 28,331 |
| 2005 | 31,518 |
| 2006 | 30,697 |
| 2007 | 27,612 |
| 2008 | 27,801 |
| 2009 | 24,639 |
| 2010 | 27,292 |
| 2011 | 23,632 |
| 2012 | 24,774 |
| 2013 | 23,862 |
| 2014 | 25,553 |
| 2015 | 21,916 |
| 2016 | 23,049 |
| 2017 | 22,572 |
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