Real estate markets in France and Belgium continue to boom thanks to lower building interest rates

Dusseldorf The numbers are astounding: while real estate prices in many countries outside Europe are falling, in some cases significantly, the real estate boom in France and Belgium continued in 2022. As the AVIV Housing Market Report for the fourth quarter of 2022 shows, compared to January 2021, prices in eight of eleven major cities surveyed in France continued to rise – in some cases by up to 14.1 percent. In Belgium, too, there was growth of up to 8.4 percent over the year, and prices continued to increase in all twelve Belgian cities surveyed.

In Germany, on the other hand, the asking prices for real estate fell in 13 of the 14 major cities surveyed in a year-on-year comparison – by as much as 7.6 percent at the peak. Significantly falling prices can also be observed in countries such as Sweden, Canada and the USA.