Publications on the evolution of real estate prices are published on a regular basis via various media. The statistics generally contain average real estate prices, broken down by municipality and by type of real estate, which merely reflect a general trend in the real estate market. However, a more far-reaching breakdown of effective selling prices per district is necessary in order to determine which parameters influence the price or value of real estate. It allows us to gain a better insight into the working mechanisms of the real estate market. By building a detailed database of selling prices of residential real estate for a number of neighbourhoods in the city of Antwerp (zip codes 2000, 2018 and 2060), we want to investigate the impact of urban development on the local real estate market.
Numerous urban development projects have been initiated and are being prepared in the research area described. Well-known examples are the in infrastructural projects on the Leien and the upgrading of the district Eilandje. The mapping of real estate projects completed and yet to be completed in the region is a first step in the research. Within the designated zone, we will also monitor and maintain all public and private sales transactions in a database (asking price, selling price, date of offer - date of sale, brief description).
The construction of the database will be done in-house, with the support of students and some external parties. In this way we can make a thorough analysis of the difference between the asking price and the selling price, how long a property is for sale, the average unit price per m² floor per type of property and per district, and then create a link with the realisations in the field of urban development.