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Housing prices have almost doubled in 10 years - Immo

Housing prices have almost doubled in 10 years – Immo

Rents and house prices have risen steadily over the past decade. Prices that soared in 2022 for housing purchases. To analyse.

Rents have increased by 15% and housing prices by 45% since 2010. This is one of the conclusions that can be drawn from the data published last week by Eurostat, the European statistics agency. Although present in both curves, this evolution did not occur in the same way.

Rents have increased by 15% and housing prices by 45% since 2010. This is one of the conclusions that can be drawn from the data published last week by Eurostat, the European statistics agency. Although present in both curves, this evolution did not occur in the same way. You have probably noticed it if you have been looking to buy a home over the past ten years: prices have soared. Since 2010 in the European Union, the cost of buying a home has almost doubled. While prices fluctuated relatively between 2010 and 2015, the increase was constant thereafter. Thus, year after year, housing prices have increased steadily: +4% in 2016, +5% in 2017, 2018 and 2019, +7% in 2020 and +8% in 2021. But these prices have experienced a meteoric rise in the first quarter of 2022, with an increase of almost 14% compared to the first quarter of 2021.In Belgium, the rise in house prices has also been constant since 2015, but with a less regular evolution: +3% in 2016 , +5% in 2017, +3% in 2018 and +4% in 2019 and 2020. The spectacular rise that the EU then experienced was reflected by a plateau in Belgium, with two consecutive increases of nearly 9 % between the first quarters of 2020 and 2021, then between those of 2021 and 2022. Rent prices have experienced a slightly different fate. If an increase has indeed been recorded, it has been continuous since 2010, much slower and less important. Thus, since 2010, rents in the European Union have increased by 3% in 2012 and 2014, 2% in 2016, 3% in 2018 and 3% in 2020. But unlike housing prices, rents did not experience any particular increase in 2022. The latter recorded a slight increase between the months of May 2020 and 2021, i.e. + 1%, and the months of May 2021 and 2022, i.e. +2%. In Belgium, the trajectory of rental prices is almost identical. The latter experienced a slow but constant increase: +3% in 2012 and 2014, +2% in 2016 and 2018 and +4% in 2020. Here too, rental prices continued their slow rise in 2022. Thus, between the months of May 2020 and 2021, rents increased by 2%, and by 3% between the months of May 2021 and 2022.Aurore Dessaigne

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