• For sale
  • For rent
  • Our services
  • New projects
Menu
  • For sale
  • For rent
  • Our services
  • New projects
  • Agency
  • Blog
  • Contact
  • EnglishFrançais
Menu
  • Agency
  • Blog
  • Contact
  • EnglishFrançais
analysis
  • Home
  • Agency
  • For sale
  • For rent
  • New projects
  • Blog
  • Contact
  • EnglishFrançais
Menu
  • Home
  • Agency
  • For sale
  • For rent
  • New projects
  • Blog
  • Contact
  • EnglishFrançais

Real estate in 2020, a three-step waltz

  • August 15
  • Realty

The sector has lived, a bit like us, a very special year marked by confinements and deconfinements. Between gloom, worries and high hopes. Story of a year in three stages.

First confinement

After an encouraging year in 2019, especially in terms of the number of sales, the market is entering 2020 on the same path. But quickly, concern about the coronavirus is gaining ground. In mid-March, the ax falls, the Belgians will have to confine themselves. And real estate at the same time. Everything is at a standstill. In just three months, the sector had time to experience a significant drop in activity. According to the Barometer of Notaries, the volume of the number of transactions fell by 7,9% between the 1er January and March 29. The 2e quarter confirms the trend. Compared to this same period in 2019, the number of transactions decreased by 15,9%. Over the first six months of the year, we are at 10,7%. We have to go back to 2015 to find such a low number of transactions. Until May 11, real estate, like many Belgians, was somewhat gloomy. But the announcement of deconfinement offers a wave of hope.

We find the smile

Containment has a double effect on the residential real estate market. The first ? A boom as soon as the sector reopens. Real estate agencies find themselves overwhelmed by the number of requests for visits. In some groups, no less than 2000 to 3000 visits are planned per week. A rush that is reflected in the figures: + 11,6% compared to 3e quarter 2019. It's quite simple, there have never been as many real estate transactions in July and August as in 2020, according to statistics from the Federation of Notaries, which has been recording these data since 2007.

The trends are not the same across the country, however. In Flanders and Wallonia, the number of transactions increased by around 15% compared to August 2019. In the Brussels region, it is the opposite; -6%. Like a large majority of us, buyers wanted to find nature. This is the second effect of Covid-19. The real estate market on the Belgian coast quickly recovered from the first confinement with a constant increase in the number of transactions from June to September. Up to 30% more in September compared to 2019. Apart from the Coast, Walloon Brabant has also experienced a spectacular increase, explained by a desire to find green spaces in the immediate vicinity of Brussels. The Jeune Province also posted the largest price increase in the country, at 12%. If demand has almost exploded after confinement, it has not been offset by a sufficient supply, whether for houses but also for apartments.

In Wallonia, the increase in real estate activity shows a proud record of 30% more during the month of September! The runaway summer was confirmed during the start of the school year but did not make it possible to make up for the drop in containment activity. Across the country, the decline is 3,5% in the first nine months of 2020.

Towards stabilization

The Indian summer ended in October with a significant drop in transactions, on the order of 19% averaging all provinces. More than a real warming up of the real estate market after confinement, the experts speak rather of a catch-up effect which took several months to occur. The figures expected for the last quarter of this very special year should confirm this return to equilibrium. Prices also tend to stabilize. Except for the most popular goods, which continue to sell for more and more. A phenomenon which can be explained by the little impact that confinement had on the wealthiest buyers.

As for new goods, they do not arrive in number on the market, the fault of permits that do not arrive or late. We can therefore expect their prices to rise in the long term. Generally speaking, ING Belgium estimates that price growth should be 5% over the whole of 2020. And the outlook for 2021 is nuanced. The impact of 2e confinement could affect a certain part of the population which had hitherto been relatively spared. The recent rise in prices coupled with the prolongation of the health crisis should somewhat cool the real estate market.

Categories
  • Realty

For sale

For rent

Holidays

Receive an estimate

Keep me posted

LinkedIn Instagram Facebook
Business

Team
Blog
About Linkiu.be

Legal






Contact Us

Company number: 0747 923 448
Tel: 024862099 
Email: immo@linkiu.be

Where to find us

Chaussée De Bruxelles 18,
1410 Waterloo,
Belgium

Linkiu Immo is insured with AXA Belgium SA via the IPI in contract 730.390.160.
The approval was issued in Belgium. Just like lawyers, doctors or architects, real estate agents must follow certain ethical rules. These rules are written in the Code of ethics. Our control body IPI (Professional Institute of Real Estate Agents) also ensures the proper functioning of our activities.

© Made with love by The Sidecarweb and The LemonThree

We use cookies to provide the services and features offered on our site and to improve the experience of our users. By clicking on ”I accept”, you agree to the use of cookies. You can always deactivate them later.
Cookie settings ACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Accept all
CookieDescription
cookielawinfo-checkbox-NecessaryThis cookie is set by GDPR Cookie Consent plugin. The cookies are used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-not-NecessaryThis cookie is set by GDPR Cookie Consent plugin. The cookies are used to store the user consent for the cookies in the category "Non Necessary".
viewed_cookie_policyThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not the user has consented to the use of cookies. It does not store any personal data.
Non necessary
CookieDescription
test_cookie
Save & Accept

We provide the various visits to find your tenant. A verification of his financial and professional situation will be requested to determine the candidate's profile.

LINKIU Immo obviously takes care of the drafting of the lease, an inventory (on request), the meter reading, but also the registration of the lease.

FOR RENT