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Building permits for newly constructed residential real estate in Belgium 1996-2019

In 2019, approximately 27,500 permits were issued for the construction of new housing in Belgium. This is a 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.

Total number of building permits issued for newly constructed residential real estate in Belgium from 1996 to 2019

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Source

Release date

June 2020

Region

Belgium

Survey time period

1996 to 2019

Supplementary notes

The source states that the numbers provided concern the permits issued for buildings (in Dutch: "aantal gebouwen", in French: "nombre de b√Ętiments"), which includes both houses as well as apartments.

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Statistics on "Real estate construction in Belgium"

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