Belgian real estate bubble?
The Economists' databank on house prices gives a rather surprising picture. It shows that Belgium in different valuation measures has climbed the most. The Price to Median Income ratio has deviated much more than in the Netherlands, the UK or the USA.
It is rather counterituitive to me. I do not have the impression that Belgian real estate is much more expensive than in other countries. There might be some overvaluation in some segments , but a bubble would surprise me.
What do you think ?