Housing prices in the Belgian capital city have been growing steadily since 2015 as a result of higher demand and lower interest rates, according to KBC bank.
The average cost of an apartment has increased in the period from 2016 to 2017 in most of the 19 communes of Brussels. For example, in Brussels itself the growth accounted for 8,7%, in Etterbeek — 8,2%, in Saint-Gilles — 12,3%, Koekelberg — 15,1% and Auderghem — 17,5%.
Part of the price increase was due to immigrants. Nevertheless, the average values in the Belgian capital city are lower than in a number of other popular cities, The Brussels Times reports.