Your province in numbers: West Flanders
How much does a house cost in West Flanders?
On average, you'll pay 1631 euros per square meter for a house in West Flanders. House prices increased by 5.06% compared to the same quarter the previous year. But in the previous quarter, house prices remained relatively stable, increasing by only 0.44%. This follows a general trend in Belgium and Flanders of a cooling housing market.
What are the trends for house prices in West Flanders?
House prices have particularly surged in Kortrijk over the past year, with prices now 12% higher than in the last quarter of 2021. In 2022, you paid just under 1600 euros per square meter for a house in Kortrijk, roughly the same as a house in Ostend. But unlike other major cities like Ostend or Bruges, prices continue to rise, with houses becoming almost 6% more expensive in just the last quarter. Houses in Knokke-Heist, however, took a serious hit, becoming 10% cheaper over the course of a year.
What is the most expensive municipality for houses in West Flanders?
Despite that significant price drop, Knokke-Heist remains the most expensive municipality for houses in West Flanders at 3522 euros per square meter. The coastal municipality only ranks eighth on the list of most expensive municipalities in Belgium, however.
How much does an apartment cost in West Flanders?
On average, you pay 2448 euros per square meter for an apartment in the province of West Flanders. Prices remained stable compared to the previous quarter, with a decrease of only 0.13%. Compared to the previous year, apartments became 5.4% more expensive. On the coast, you pay an average of 3360 euros per square meter for an apartment, while in the inland, that price is more than a thousand euros lower at 2201 euros per square meter.
What are the trends for apartment prices in West Flanders?
Apartments on the coast are no longer becoming more expensive. In the last quarter of 2022, the average price of an apartment in the ten coastal municipalities decreased by 0.67%, while apartment prices in the West Flanders inland still increased by 0.36%. Only Knokke-Heist is rowing against the tide. There, the average price of an apartment still increased by almost 3% in the last quarter of last year. But even Knokke-Heist did not escape a significant dip in prices at the end of the year. The increase during the last quarter is very limited compared to the increase of 17% for the entire year 2022. For comparison: in Ostend, apartments became on average 1% more expensive last year.
Although houses became significantly more expensive in Kortrijk, apartment prices there have been stagnating for a few years. In the last quarter, prices even decreased by -1.76%.
What is the most expensive municipality for apartments in West Flanders?
Knokke-Heist remains the undefeated number 1 in terms of apartment prices. You pay a whopping 5594 euros per square meter for an apartment there, which is 500 euros per square meter more than the runner-up, Sint-Martens-Latem.
Read here all about the price developments in Antwerp.
Read here all about the price developments in East Flanders.
Read here all about the price developments in Flemish Brabant.
Read here all about the price developments in Limburg.
Read here all about the price developments in Brussels-Capital Region.
Read here all about the price developments in Walloon Brabant.
Read here all about the price developments in Liège.
Read here all about the price developments in Namur.
Read here all about the price developments in Hainaut.
Read here all about the price developments in Luxembourg.
