Mnemonic | HPI.IBEL | |
---|---|---|
Unit | Index 1953=100 | |
Annual | 7.25 % | |
Data | 2022 | 6,402 |
2021 | 5,969 |
Source | Stadim Consultancy |
Release | Belgium House Price Index Average Price of Houses |
Frequency | Annual |
Start Date | 12/31/1953 |
End Date | 12/31/2022 |
Reference | Last | Previous | Units | Frequency | |
---|---|---|---|---|---|
Non-residential Building Permits | Nov 2023 | 427 | 531 | #, NSA | Monthly |
Residential Building Permits | Nov 2023 | 1,958 | 2,480 | #, NSA | Monthly |
House Price Index for Existing Homes | 2023 Q3 | 136.84 | 134.9 | Index 2015=100, NSA | Quarterly |
House Price Index for New Homes | 2023 Q3 | 140.96 | 136.87 | Index 2015=100, NSA | Quarterly |
Building Permits | 2022 | 27,033,071 | 34,777,659 | Square metres | Annual |
House Price Index | 2022 | 6,402 | 5,969 | Index 1953=100 | Annual |
House Price Value | 2018 Q2 | 3,765,660,706 | 3,760,987,975 | EUR, NSA | Quarterly |
Non-residential Housing Starts | Dec 2015 | 3 | 4 | #, NSA | Monthly |
Residential Housing Starts | Dec 2015 | 1,596 | 1,794 | #, NSA | Monthly |
The price developments on the housing market are determined by four factors: the evolution of the borrowing capacity, the inflation, the development of the spending power and the tax system. In a broader sense, this is valid for the entire real estate market, whereby cash flow equals spending power for companies.
House prices are determined by 5 trends:
This can also be applied to the entire property market, where cash flow is equal to buying power for companies. The shrinkage in lending capacity resulting from lower loan-to-value ratios and the reduction in the loan term will increase the equity requirement to around one third of the purchase price
1953 to 1970 only includes small and medium-sized houses. From 1971 onwards the series includes all houses, specifically, villas and mansions