Belgium Housing Bubble Starts to Pop


As I predicted a year ago, it is starting to happen. The declining home sales in 2012 are now starting to have its effects. The Belgium housing bubble shows signs of a pop. In Brasschaat (where I live), I indicated that many houses and especially villas were on sale.



Now the reports are out. We are seeing prices drop more than 20% this year around the Antwerp region. Brasschaat and Schilde were most affected.



Could this be the start of a declining housing market in Belgium, just like we saw in our neighbour country the Netherlands?







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