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Property Index 2020

Overview of European Residential Markets

The ninth edition of the Deloitte Property Index, which analyses and compares residential property markets in 23 countries in Europe and beyond, reveals that Belgium experienced its most active year ever in terms of transactions. After a record-breaking year in 2018, the number of transactions for both houses and apartments rose by an impressive 9 percent.

Following the trend of previous years, Belgian residential property prices recorded a notable increase of 4 percent. The price of newly built apartments in Ghent rose by a remarkable 9.4 percent, while in Antwerp prices increased moderately (+3.8 percent) and remained stable in Brussels. Rents followed a similar trend, with a substantial increase in the Brussels Capital region of more than 6 percent

The COVID-19 pandemic resulted in a steep decline in transactions in March, April and May. The market started to recover following the first easing of lockdown measures, and apartment prices rose, so it is not all bad news. Currently the market is still supported by real estate investors but it remains to be seen how the crisis will impact the unemployment rate and the effect on the income of candidate-buyers.

The Property Index

The Property Index, which aims to provide data on the European residential market and answer questions on how Europeans live and at what costs, has become one of the most important and popular European real estate publications.

It analyses factors shaping the residential markets and their development, and compares residential property prices across selected European countries and cities, acting as a valuable source for professionals, institutions and the general public.

Property Index 2020

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