The Flemish are said to be born with a brick in their stomach; a lot of them want to buy or build their own house. Due to the large demand, the offer is becoming more and more limited. The available building lots and the number of houses for sale are not inexhaustible and consequently housing prices have risen considerably in the last years. The high real estate prices have resulted in a decreasing purchasing power, which is bringing about changes on the property market. Although real estate may be very expensive, the number of house-owners in Flanders continues to increase. One of the main explanations for this is that a house of your own is a desirable status symbol.
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