Housing market in Belgium booms despite the crisis

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The rise in the number of houses and flats being sold is evident across Belgium. However, it is most pronounced in Flanders.

Antwerp saw an especially big rise in the number of property transactions. 13.3% more homes were sold in Antwerp during November than in October.

The figures come from the Royal Federation of Belgian Notaries. 
The Belgians seem to be choosing to invest in bricks and mortar in these difficult economic times.

The low interest rates currently on offer have also served to encourage Belgians to buy property. Money is moving away from the volatile financial markets to safer investments such as gold and real estate.

The Royal Federation of Belgian Notaries’ figures are based on provisional sales agreements that are drawn up 3 to 4 months before a definitive contract of sale is signed.