+11% in one year: explosion in the prices of apartments by the sea

An apartment by the sea cost in 2021 on average 11.3% more than in 2020, according to a study carried out by the real estate company ERA and the University of Antwerp. This is the largest increase since the launch of this barometer in 2005.

For ERA CEO Johan Krijgsman, the Belgian coast was already popular and the pandemic has further increased its appeal. Demand was also supported by the prospect of an increase in registration fees for second residences on January 1, 2022. Many buyers wanted to buy their property before 2022. As the supply remained the same, the prices have gone up. Apartments by the sea are also changing hands faster than before. Beyond this segment, ERA finds that real estate prices in general have risen sharply in Flanders, by 8.5% compared to 2020.

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