Belgium - House Price Index





Belgium: House Price Index

Mnemonic HPI.IBEL
Unit Index 1953=100
Annual 3.04 %
Data 2017 4,911
2016 4,766

Series Information

Source Stadim Consultancy
Release Belgium House Price Index Average Price of Houses
Frequency Annual
Start Date 12/31/1953
End Date 12/31/2017

Belgium: Real Estate

Reference Last Previous Units Frequency
House Price Index for Existing Homes 2019 Q1 111.18 109.76 Index 2015=100, NSA Quarterly
House Price Index for New Homes 2019 Q1 112.03 111.54 Index 2015=100, NSA Quarterly
Non-residential Building Permits Mar 2019 523 472 #, NSA Monthly
Residential Building Permits Feb 2019 2,036 2,103 #, NSA Monthly
Building Permits 2018 37,976,275 43,180,696 Square metres Annual
House Price Value 2018 Q2 3,765,660,706 3,760,987,975 EUR, NSA Quarterly
House Price Index 2017 4,911 4,766 Index 1953=100 Annual
Non-residential Housing Starts Dec 2015 3 4 #, NSA Monthly
Residential Housing Starts Dec 2015 1,596 1,794 #, NSA Monthly

Release Information

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:

  1. Lending capacity
  2. Inflation
  3. Buying power
  4. Taxes
  5. Available equity

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