The cooling of the property market started in 2022. “We saw year-on-year drops of about 15 per cent in 2023 compared to the previous year,” says notary Bart van Opstal.
“In the first three months of this year real estate purchases across the country were down more than 7 per cent, compared to the same period last year. In Flanders, we are even talking about a drop of more than 8 per cent. In Wallonia, we are looking at a 6.5 per cent drop. Only in Brussels did sales remain virtually stable.”
According to Van Opstal, the fact that the number of property sales has fallen during the last two years is not that surprising. “We obviously…
