The reduction of registration fees in Flanders from 3% to 2% at the beginning of 2025 has significantly boosted house sales, as many buyers postponed their purchases to take advantage of this financial incentive.

In the early months of 2025, house sales in Flanders surged by approximately 20% compared to the same period in 2024, according to data from notaries' real estate barometer.

Overall, Belgium experienced a nearly 16% increase in house sales, with the most substantial growth occurring in January and February before stabilizing in March.

East Flanders led the sales increase with a remarkable 22.9% rise, largely due to the popularity of Ghent among young buyers, while Flemish Brabant followed closely with a 21.2% increase.

The demand for houses over flats among young buyers, who are eager to capitalize on reduced taxes and low interest rates, is a key factor driving the rise in house prices.

The average house price in Belgium reached €355,371, reflecting an 8% increase from 2024, while in Flanders, the average price rose to €379,737, marking a more modest increase of 3%.

In contrast, the average price of flats in Belgium remained stable at €271,218, although it saw a slight decline to €279,332 in Flanders, down by 1.2%.

Limburg saw a 4.3% increase in house prices, while West Flanders recorded the smallest rise at just 1.2%.

However, West Flanders faced a 5.6% drop in flat prices, attributed to a correction following significant increases the previous year.

Earlier low interest rates made loans more attractive to buyers, although rates have since risen again, resulting in March sales figures aligning closely with those of the previous year.

Notary Bart van Opstal emphasized that saving 1% on a house purchase is substantial for buyers, further contributing to the heightened activity in the housing market.

In terms of regional performance, West Flanders, Antwerp, and Limburg saw notable increases in house prices of 18.7%, 17%, and 15.8%, respectively.