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Belgium has become more popular for foreign ownership
recently due to the head quarters of the E.U being based at Brussels.
This has resulted in rising property values, especially close to Brussels,
although less expensive property can be found in the countryside. Main
languages are French, Flemmish and German.
Capital Gains tax is chargeable on all income from the sale of Real Estate which
includes non-resident companies and is liable at the basic rate, which would
There are no restrictions on Foreign Ownership.
Estate Prices in Belgium
varies, for example:
From around £170,000 / $250,000 for a villa/house
From around £60,000 / $87,500 for a flat/apartment
From around £130,000 / $190,000 for a Maison de Maitre/Townhouse
for buying real estate in Belgium
is the largest Belgium city with a population of 500k. Brussels is
popular with governmental workers and Ixelles, to the East, being
popular for young commuters and residents. East and West Brussels
tend to have larger English speaking areas.
Costs in Belgium
standards are high in Belgium although bottled water is used widely
for drinking. Freehold property near to Brussels is generally twice
the price compared to the U.S equivalent property.
real estate in Belgium
sales agreement is binding from day one - the notary will issue a
deed which completes the sale but no mistake. Put your signature
under a sales agreement and you have to come up with the Euro - it
is often misunderstood that if you sign a sales agreement with a
10% advance payment (common practice) that you can get out of it
if your loan isn't approved or that you only lose 10% if you don't
go ahead with the deed after all. NO MISTAKE - you are owner the
moment you sign the sales agreement! If you sent a proposal, the
moment it has been counter signed by the seller for agreed, you are
officially the owner of the property.
All particularities, including loan approval, building or renovation permits,
etc, have to be mentioned as a suspensive condition in the sales agreement.
In such case it is also advisable to hand over the advance payment to the notary,
another common practice, who will keep the money until the signature of the
deed (which doesn't allow any suspensive conditions).
The property transaction should always be officially registered with the governmental
authority within four months of conclusion.
Solicitor / Lawyer
Belgian solicitor/lawyer or notary should be used to draw written
contracts for submission to the public notary.
costs involved in buying real estate/property in Belgium are generally
Property registration should incur duty of 12.5% for land and buildings is
payable by the buyer.
V.A.T is charged at 21% on buildings less than two years old with the same
rate applicable for the renovation of old buildings.
Notary fees will cost between 0.1-0.5% of the properties value.
V.A.T is also applicable for foreign Real Estate investments at the relevant
rate of their country.
is payable on the deemed rental value of the property which is dependent
on the location and use of the property as set in the "Cadastal Register".
National rates are between 1.25-2.5% and municipal and provincial
surcharges also apply.
are available from various banking and mortgage providers. Repayment
terms and the rights of the mortgager will be agreed within a written
contract before a sale is agreed. Off shore companies can be an advantage
depending on current rates and individual tax breaks. Click
here to arrange a mortgage in Belgium.
For more information on buying property in Belgium, please contact the Real
Estate Agent or visit the Belgium Governments website:
Our guide will not cover all the legal and full financial information for your
Real Estate purchase but should enable you to get an idea into the financial
more information on Belgium Property and to arrange your viewing
Property Viewing Arrangements
3330 Garfield Street NW
Tel: (202) 333-6900
Fax: (202) 333-307