Brussels, (Brussels Morning)- In Brussels, just under 22 percent of apartment buyers were between 18 and 30 years old. For houses, the share of young buyers is only 10 percent. A lot lower than in the rest of Belgium.
This is shown on Wednesday from the first youth barometer of the Federation of Notaries (Fednot), based on real estate transactions in the first half of this year.
According to a report by BRUZZ ,about 19.5 percent of the Belgian population is between 18 and 30 years old – yet this age group represented about 30 percent of buyers on the Belgian property market in the first half of 2022. In Flanders, 33 percent of the buyers for houses are under 30 years old, for apartments it is 27 percent.
In Brussels it is very different. Here, just under 22 percent of apartment buyers were between the ages of 18 and 30. But for houses, the share of young buyers here is only 11 percent, a big difference with the rest of the country.
In Wallonia, 18 percent were young buyers for apartments and 25 percent for houses.
The median price of a house bought by young people (18-30 years old) in Belgium is 275,000 euros. That is only slightly lower than the median price that is calculated across all age categories. In Brussels, young buyers had to pay a median price of 365,000. For an apartment in Brussels, that is 238,000 euros.
Many young buyers in Flanders
The median price of a house bought by the young people in that period was therefore 275,000 euros, compared to 280,000 for all houses in Belgium. The median price for an apartment was 224,000 euros.
Among Flemish young people, the median price of a house is slightly higher, at 295,000 euros. But that amount is also slightly lower than the median price for all age categories in Flanders (310,000 euros).
About 19.5 percent of the Belgian population is between 18 and 30 years old. Yet in the first half of 2022, this age group represented about 30 percent of buyers on the Belgian real estate market.
Young buyers looking for an apartment most often ended up in the province of Antwerp. There, 36 percent of the apartments were bought by people between the ages of 18 and 30. With 14 percent, West Flanders is the last Flemish buyer in that ranking, partly because the older buyers were massively active on the coast.