Our purchasing power is 17 sq m below the historical average.

Immoweb's new study on the history of the purchasing power of real estate in Belgium over the past 45 years shows that the purchasing power of real estate is now 16.6 per cent below the historical average and about as low as it was in 2007. "Back then, demand was very high in our country, which drove up prices. Today that is also the case," Piet Derriks, Immoweb's managing director, says. "What helped us get out of that crisis was the lowering of interest rates. But today interest rates are just rising and that weighs on the budget of Belgian households." In 1980, the index was the lowest ever. 
Source: www.bouwenenwonen.net & Immoweb