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Housing Prices Rise In Belgium

According to the survey conducted in the Euro Area; In Belgium, housing prices rose 3.7 percent in the fourth quarter of 2017 compared to the same period last year. In the past few days, according to the survey of the European Statistical Office (Eurostat), housing prices in the euro area increased by 4.2 percent.


In the fourth quarter of 2017, the largest increase in housing prices was recorded in Ireland with 11.8 percent of the EU member countries where the data is available, compared to the same period of the previous year.


House prices in Belgium rose by 3.7% in the fourth quarter of 2017 compared to the same period last year, according to Eurostat figures released by the European statistics bureau. While apartment prices in the Flemish district of the country show a significant decrease, the most expensive house and apartment price in Belgium are in the Ixelles district of Brussels; the cheapest house prices in the town of Colfontaine in the Walloon region. In the country, the real estate prices have ceased to be the highest in the Brussels region of the capital. The average price of housing in Brussels is 412 thousand 578 Euros. The increase in property prices despite the economic crime was also seen in apartments. The highest increases in housing prices in the EU in the fourth quarter of 2017 were in Ireland (+ 11.8%), Portugal (+ 10.5%) and Slovenia (+ 10%).