Property Market in Belgium

property marketBelgium has this year experienced a healthy growth percentage in the property market according to several real estate companies.

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This is due mainly to the continued low interest rates on mortgages.
This rise in property prices is apparent in all of the countries 3 regions with Brussels experiencing the strongest growth with prices said to be up by 17%.

Prices for an average size house in Belgium is currently 170,000EUR.
The overall nationwide rise in property prices is 5.5%.
It remains to be seen what 2011 will reveal for the country which is still without a permanent government and has the highest dept (GDP) in the E.U.

In spite of the doom and gloom of the rising prices, it is not only encouraging for sellers but Belgium also boasts record low mortgage interest rates for 2010.