Building permits for new home construction in Belgium 1996-2020
In 2020, approximately 28,500 permits were issued for the construction of new housing in Belgium. This is an decrease when compared to the previous year. Between the fourth quarter of 2017 and the third quarter of 2018, the house price index of Belgium increased from 153 to 157, whilst the indices of Luxembourg and the Netherlands increased from 162 to 166 and 109 to 117 respectively in the same period.
Between 2005 and 2017, 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 42,000 transactions in 2017. This relatively small increase 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 2005 and 2017, 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 42,000 transactions in 2017. This relatively small increase 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.
