Authored by the expert who managed and guided the team behind the Belgium Property Pack
Everything you need to know before buying real estate is included in our Belgium Property Pack
Why is Belgium emerging as a prime destination for property investment in 2025? Is it the stable rental market, the strategic location in Europe, or the competitive pricing compared to other European cities? What are the key benefits for investors?
We often encounter these questions because we are actively engaged with local developers, real estate agents, and investors like you. With growing interest in this market, we've decided to compile our insights into a comprehensive article for everyone's benefit.
Our aim is to present a compelling case for investing in Belgium's real estate market, supported by our firsthand experience and market expertise.
If you feel we've overlooked an important aspect or want more information, please reach out (we respond very quickly). Your feedback enhances our content.
Finally, please remember that this is not financial or investment advice. Real estate investment involves inherent risks, and market conditions can change unexpectedly. We strongly recommend conducting thorough research and consulting with a qualified financial advisor before making any investment decisions.
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1) Because there is a lot of expats and international workers, Belgium’s rental market is competitive
Belgium's rental market is thriving due to a large number of expatriates and international workers.
With over 2.2 million foreign-born residents by the end of 2023, Belgium is a magnet for international talent. Many of these newcomers prefer renting because their work assignments are often temporary. This trend is especially noticeable in cities like Brussels and Antwerp, where the presence of major international institutions like the EU and NATO draws in a diverse workforce.
Even though there was a dip in new rental contracts in 2024, the demand hasn't waned. High interest rates and construction costs are keeping the rental market hot. In Flanders, for example, 40-50 people compete for each available property, driving up rental prices, especially in Brussels and Flemish Brabant.
Popular expatriate neighborhoods have low vacancy rates, making them highly sought after. These areas offer the flexibility that international workers crave. Real estate experts often point out that Belgium's appeal to foreign workers is a key factor in the rental market's strength.
Belgium's rental market is a reflection of its international job scene. The influx of global talent keeps the demand for rental properties robust, with many choosing to rent for the flexibility it offers. This is particularly true in urban centers where international institutions are based.
Sources: Trading Economics, Belga News Agency, Expat Management Group
2) In Belgium, you’re protected by a strong legal framework that reduces investment risks
In Belgium, property owners enjoy strong legal protection, making it a safe bet for investors.
With a property rights index score of 92 points in 2024, Belgium stands out globally. This score, unchanged from 2023, is well above the world average of 54 points, highlighting the country's robust legal framework for property rights.
Belgium doesn't just have laws on paper; the government effectively enforces them. This is crucial for maintaining investor confidence, as it ensures that property laws are not only strong but also actively upheld.
In 2021, Belgium's judiciary handled only 5.87 civil and commercial cases per 100 inhabitants. This low number of disputes indicates an efficient legal system, which is a big plus for anyone looking to invest in property here.
Such efficiency in resolving issues means fewer headaches for property owners. The legal system's effectiveness in Belgium further reduces investment risks, making it an attractive option for potential buyers.
Overall, Belgium's legal framework and enforcement provide a secure environment for property investments, ensuring that your investment is well-protected.
Sources: The Global Economy, Council of Europe
One of our partners sent us this video where the legal framework in Belgium is detailed, emphasizing the strong protection for property owners and its importance for reducing investment risks.
3) In this country, a strong legal system makes property transactions transparent, boosting investor confidence
Belgium's legal system is one of the strongest in Europe, making property transactions transparent and boosting investor confidence.
Thanks to its robust legal framework, Belgium consistently ranks high in global property rights indices. In 2023, the country scored 92 points, showcasing its commitment to protecting property rights. This high score reflects a system where property laws are not just on paper but actively enforced, ensuring fairness and predictability for all parties involved.
Belgium's property registration system is another standout feature. It offers detailed and accessible transaction records, which is a big plus for investors. This transparency means you can easily verify property details, reducing the risk of fraud. It's like having a clear window into every transaction, which is not something you find everywhere.
Corruption is a minimal concern in Belgium's property market. With a Control of Corruption score of 7.99, the country demonstrates a low level of property-related corruption. This score is a testament to the integrity of the system, making it a safe bet for investors looking for stability and reliability.
Belgium's legal and political environment is also noteworthy. The International Property Rights Index (IPRI) gives it a Legal and Political Subindex of 7.599, indicating a strong foundation for property rights. This consistent enforcement of laws ensures that everyone plays by the same rules, which is crucial for maintaining trust in the market.
For anyone considering buying property in Belgium, these factors make it an attractive option. The country's strong legal system ensures transparent property transactions, enhancing investor confidence. Investors can rest easy knowing that their rights are protected and that the system is designed to be fair and transparent.
Sources: The Global Economy, International Property Rights Index
4) With a strong healthcare system, the country is a great choice for retirees, boosting demand for homes
Belgium's healthcare system is highly ranked internationally, making it a top choice for retirees.
In 2024, Belgium was recognized for its excellent medical infrastructure and the availability of medicine, which is a big draw for those looking to retire in a place where their health needs will be well taken care of. The government is also well-prepared, ensuring that healthcare services are both comprehensive and accessible.
Belgium's life expectancy was notably high in 2023, at 82.5 years, reflecting the effectiveness of its healthcare services. This longevity is appealing to retirees who want to enjoy a long and healthy retirement. The treatable mortality rate is significantly lower than the EU average, as noted in the 2023 Country Health Profile by the European Commission.
Surveys and media reports frequently highlight Belgium as a preferred retirement destination due to its robust healthcare system. Retirees often seek countries with high-quality and affordable healthcare, and Belgium fits this description well. Testimonials from expatriates and retirees praise the quality and accessibility of healthcare services in Belgium.
Belgium's healthcare system is not only comprehensive but also accessible, making it an attractive place for retirees. The country's robust healthcare system increases demand for residential properties, as retirees look for a place where their health needs will be well taken care of.
With a strong healthcare foundation, Belgium is a significant draw for those looking to retire in a place where their health needs will be well taken care of. The country's healthcare system is not only comprehensive but also accessible, with a treatable mortality rate significantly lower than the EU average.
Sources: PwC, European Commission, CEOWORLD
5) You’ll see property values rise in revitalized areas thanks to the country’s focus on urban renewal projects
Urban renewal projects can give property values a real boost in revitalized areas.
When governments, like the Flemish government, pour money into urban renewal, cities become more attractive and livable. This naturally makes property values go up because more people want to live in these improved areas.
Look at the Wetteren Smart City Project. It turned a dull brownfield into a lively spot with a town hall, apartments, and cafes. These changes make the area more appealing, and as a result, property values rise. People see a neighborhood getting better and are more likely to invest, hoping for future gains.
In places like Brussels City Center, property prices have been climbing. This is because of limited housing and new transport links, making these areas more desirable. As more people want to live there, prices naturally go up.
Improved infrastructure and amenities, like those in the Brussels-Capital Region, make living environments better, attracting potential buyers. This increased demand for housing in these newly developed urban areas pushes property values even higher.
Sources: European Investment Bank, Perspective Brussels
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6) You’ll save money on property transaction costs in Belgium (versus other European countries)
Belgium is a great place to invest in property because its transaction costs are lower than many other European countries.
When buying a home in Belgium, buyers usually pay around 11-15% of the purchase price, and sellers pay about 3-5%. This is quite reasonable compared to other European countries, where costs can be much higher. Global Property Guide
Even if you're looking at new properties, which might have different tax rates, the overall costs in Belgium remain competitive. This is good news for investors who want to keep expenses in check. Expatica
Looking ahead, Belgium's real estate market is expected to bounce back by 2025, thanks to stable mortgage rates and some legislative changes. This makes it an even more attractive option for those considering investing in property. ING Think
With these factors in mind, Belgium stands out as a smart choice for property investment, especially when you consider the lower transaction costs compared to other European countries.
So, if you're thinking about buying property in Europe, Belgium offers a compelling mix of affordability and potential growth.
Sources: Global Property Guide, Expatica, ING Think
7) With strong GDP growth, you can expect a healthy real estate market with appreciation potential
Belgium's economy is on a steady path, with GDP growth playing a key role in its real estate market.
Even though the growth rate was 1.5% in 2023, the lowest in three years, it still shows a stable economy. This stability is crucial for real estate, as it lays the groundwork for potential appreciation. Looking ahead, the GDP is expected to grow by 1.10% by the end of 2024, with further increases in the following years. This positive trend suggests a consistent economic environment that can foster real estate development and investment.
In cities like Brussels and Antwerp, the demand for housing has been strong, leading to property price increases of up to 51% over the past decade. This demand, along with Belgium's openness to foreign direct investment, strengthens the real estate market. The lack of restrictions on foreign investors making direct investments in property, including commercial real estate, can attract more capital into the market, supporting its growth and stability.
Belgium's real estate market benefits from a stable economy, which often leads to increased consumer confidence. This confidence can drive demand for housing and, consequently, property values. The country's strong GDP growth supports a healthy real estate market with potential for appreciation.
Moreover, the consistent demand for housing in urban areas like Brussels and Antwerp has led to a significant rise in property prices. This demand, coupled with the openness to foreign direct investment, further strengthens the real estate market. The lack of restrictions on foreign investors making direct investments in property, including commercial real estate, can attract more capital into the market, supporting its growth and stability.
Sources: Trading Economics, DLA Piper Real World, The Brussels Times
8) With the tech industry booming, more young professionals are looking for homes in Belgium’s cities
Belgium's tech industry is booming, with tech companies raising a record 1.43 billion euros in 2024.
In cities like Brussels, Antwerp, Ghent, and Leuven, the tech scene is buzzing with energy. These places are not just attracting local talent but also international tech professionals who are drawn to Belgium's central location in Europe and its welcoming business climate. The presence of big multinational companies and a lively startup culture adds to the appeal.
With more young professionals flocking to these urban areas, the demand for housing has shot up. Many of these newcomers prefer city life, which is pushing up rental prices in tech hotspots like Brussels and Antwerp. For instance, rents in Woluwe-Saint-Pierre and central Leuven have noticeably increased due to this high demand.
Belgium's strategic position in Europe makes it a magnet for tech enthusiasts. The country's focus on areas like artificial intelligence and green energy is turning it into a key player on the global tech stage. This growth is not just about numbers; it's about creating a vibrant ecosystem that attracts talent from all over the world.
As more young professionals settle in these cities, the urban housing market is feeling the pressure. The trend is clear: urban living is in high demand, and the rental market is responding accordingly. This shift is reshaping the housing landscape in Belgium's tech hubs.
For anyone considering buying property in Belgium, understanding this dynamic is crucial. The influx of tech professionals is not just a trend; it's a significant factor driving the real estate market. Urban areas are becoming increasingly popular, and this is reflected in the rising property values.
Sources: Belga News Agency, Pangea.ai, Belga News Agency
We made this infographic to show you how property prices in Belgium compare to other big cities across the region. It breaks down the average price per square meter in city centers, so you can see how cities stack up. It’s an easy way to spot where you might get the best value for your money. We hope you like it.
9) Belgium’s multilingual population attracts a wide range of international buyers
Belgium's multilingual charm makes its properties highly attractive to international buyers.
In Brussels, both Dutch and French are official languages, creating a vibrant, diverse community. This linguistic mix is a big plus for international buyers who find it easier to communicate and settle in. The city is a melting pot, with 70% of its population having foreign roots, including large communities from Morocco, Turkey, and Sub-Saharan Africa.
Belgium is also a hub for multinational companies, with 87% of municipalities hosting at least one international business. This thriving business scene not only boosts the economy but also draws in foreign investors and property buyers. The presence of these companies signals a welcoming and dynamic environment for newcomers.
The educational landscape in Belgium mirrors its multilingual society. Schools in Brussels offer education in French, Dutch, and English, making it an appealing choice for international families. This diversity in education ensures that children from different backgrounds can integrate smoothly.
International schools are plentiful, catering to students from all over the world. This makes Belgium an attractive destination for families looking for a global education for their children. The availability of such schools supports the region's appeal to international buyers.
With its rich cultural tapestry and business-friendly atmosphere, Belgium stands out as a prime location for property investment. The multilingual environment not only enhances daily life but also adds to the country's allure for those looking to buy property.
Sources: World Population Review, Statbel, ING
10) A lot of people want homes in Belgium because it’s a key business location
Belgium's central spot in Europe makes it a prime location for international business, which in turn boosts housing demand.
Brussels, the heart of Belgium, is bustling with hundreds of international institutions and multinational companies. It's not just any city; it's where the European Union and NATO have set up their headquarters, making it a magnet for global organizations.
Even though the EU doesn't have an official capital, Brussels is the go-to place for the European Commission, Council of the European Union, and European Council. This makes it a hotspot for expatriates, all of whom need places to live, driving up the housing market.
Belgium's got more than just a central location; its strong transport infrastructure is a big deal too. The port of Antwerp-Bruges is a major player in international trade, making business operations smooth and efficient.
With all these international organizations around, the number of expatriates is on the rise, and they're all looking for homes. This influx is a key factor in the increasing demand for housing in the area.
Foreign direct investment is pouring in, highlighting Belgium's role as a key player in the global market. This economic activity is another reason why housing demand is on the upswing.
Sources: Trade.gov, Brussels Region, Wikipedia
11) Belgium’s closeness to cities like Paris, London, and Amsterdam makes its real estate market more attractive
Belgium's real estate market is highly appealing due to its proximity to major European cities like Paris, London, and Amsterdam.
Thanks to high-speed train connections, traveling between these cities is a breeze. For instance, the Eurostar whisks you from Brussels to London in just two hours, making Belgium a prime spot for both living and business.
Being at the heart of Europe, Belgium offers businesses fantastic access to key EU markets. This has attracted many international companies, especially in pharmaceuticals, high-tech, and manufacturing, drawn by the country's skilled and multilingual workforce.
Belgium's central location also fuels its booming tourism industry. With its rich cultural heritage and vibrant cities, it's a magnet for tourists, which in turn bolsters the real estate market.
Surveys show that living in Belgium is desirable because of its easy access to other European capitals, making it a top choice for residents and businesses alike.
Sources: The Trainline, JD Supra
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An increasing number of foreign investors are showing interest. However, 90% of them will make mistakes. Avoid the pitfalls with our comprehensive guide.
12) You’ll benefit from tax incentives like reduced VAT on new builds in this country
Belgium is a hotspot for property investors thanks to its favorable tax incentives.
One of the standout perks is the reduced VAT rate of 6% on new constructions, which started in 2024. This applies to demolition and reconstruction projects across the country, making it easier for investors to dive into these ventures without the usual tax headaches.
Another sweet deal is the tax deductions on mortgage interest payments. Investors can shave off these payments from their taxable income, especially in the first decade, which is a smart move for those in it for the long haul.
Belgium also offers a capital gains tax exemption on primary residences if you've owned the property for more than five years. This is a big win for those looking to invest in homes for personal use or as a long-term investment, as it means you can sell without worrying about capital gains tax.
These tax benefits make Belgium a prime spot for property investment, offering a mix of reduced VAT rates and tax deductions that can significantly lower your tax bill.
With these incentives, Belgium is not just a place to buy property; it's a strategic financial move for savvy investors looking to maximize their returns.
Sources: CMS Law-Now, CPE Credit, KPMG, Vialto Partners
13) You’ll find property values rising in Belgium’s tech-savvy areas due to smart city initiatives
Belgium's smart city investments are boosting property values in tech-forward areas.
In cities like Brussels, the government has been pouring resources into projects like the Digital Belgium plan, aiming to transform urban spaces with advanced technologies such as 5G networks. This push is part of a broader strategy to make Brussels a smart city by 2024, attracting tech-savvy residents and businesses.
Antwerp, known as Flanders' first smart city, is a prime example of this trend. The 'City of Things' project, in partnership with IMEC, has turned the city center into a testing ground for smart solutions. This initiative has not only drawn in businesses but also increased property values, making it a hot spot for potential buyers.
Brussels is also on the move with its Smart City strategy, which focuses on integrating data and technologies to improve urban living. This approach has naturally led to higher property values in tech-forward neighborhoods, as people are drawn to the enhanced quality of life and sustainable development.
The tech industry in Belgium is thriving, contributing significantly to the economy and creating numerous jobs. This economic boom, combined with the benefits of smart city initiatives, makes tech-forward areas highly desirable for property buyers who value efficient public services.
Surveys indicate that buyers are increasingly interested in properties within smart city zones, thanks to the improved public services and efficiency these areas offer. The trend is clear: smart city investments are reshaping the real estate landscape in Belgium.
Sources: Trade.gov, Bee Smart City, Brussels Urban Development Strategy
From this video, we realize that Belgium is investing in smart city technologies through partnerships, increasing the value of properties in tech-forward areas.
14) Brussels attracts many professionals needing housing because it hosts major EU institutions
The presence of major EU institutions in Brussels ensures a steady influx of professionals needing housing.
Brussels is bustling with life, reaching nearly 1.25 million residents in early 2024, thanks to international immigration. In 2023, 56,166 people moved to Brussels from abroad, adding to the city's vibrant mix of cultures and communities.
With so many newcomers, the demand for rental properties is high. Brussels offers attractive rental yields, averaging 5.54%, which is better than many other Belgian cities. This is largely due to the EU institutions, which draw in professionals who need places to live.
Brussels is a melting pot, with significant expatriate communities from France, Romania, Italy, and Morocco. This diverse mix shows that the city is a magnet for professionals working in EU institutions, further boosting the housing demand.
For anyone considering buying property in Brussels, the city's dynamic environment and strong rental market make it an appealing choice. The steady stream of professionals ensures that there will always be a need for housing, making it a potentially lucrative investment.
Sources: Belga News Agency, Global Property Guide
We created this infographic to give you a simple idea of how much it costs to buy property in different parts of Belgium. As you can see, it breaks down price ranges and property types for popular cities in the country. We hope this makes it easier to explore your options and understand the market.
15) Belgium’s top-notch infrastructure makes properties appealing in both cities and the countryside
Belgium's infrastructure is a major draw for property buyers, thanks to its dense highway network that connects cities and rural areas effortlessly.
Imagine living in a place where commuting is a breeze; Belgium's highways make it easy to travel for work or leisure, enhancing the appeal of properties everywhere. Whether you're in bustling Brussels or a quiet village, getting around is straightforward.
In cities like Brussels, the public transport system is a game-changer. With apps like Floya, navigating the city is a snap, making urban properties even more attractive. This convenience is a big plus for anyone thinking about buying or renting in the city.
Rural areas aren't left behind, either. The government is actively investing in infrastructure, boosting connectivity and quality of life. This means better roads, public transport, and digital access, making countryside living more appealing.
High-speed internet and reliable utilities are now standard in rural regions, supporting modern lifestyles. These improvements make rural properties a viable option for those seeking a quieter life without sacrificing convenience.
Belgium's infrastructure investments are paying off, making both urban and rural properties more desirable. Whether you're drawn to city life or the countryside, the ease of movement and connectivity is a significant advantage.
Sources: Business Belgium, Brussels Public Transport, Oryx Logistics
16) With Belgium’s great public transport, properties near transit lines are more valuable
In Belgium, living near public transportation can boost your property's value.
Take Brussels, for example, where the average monthly rent is €1,188, compared to the national average of €949. This difference highlights how proximity to transit hubs like Brussels and Antwerp can make properties more expensive. People are willing to pay more for the convenience of easy commuting.
Looking ahead to 2025, property prices are expected to rise by 3%. This increase is fueled by growing buyer enthusiasm and more transactions, especially near transit lines. Studies from 2024 back this up, showing that cities with efficient public transport systems tend to have higher housing costs, indicating a strong demand for these properties.
In 2023, the average real estate price for an apartment in Brussels was €3,481 per square meter. This is significantly higher than in other cities, likely because of the convenience and efficiency of public transportation. Living near transit lines means reduced commuting times and costs, making these properties more desirable.
Residents near these transit lines enjoy the perks of shorter commutes and lower travel expenses. This convenience is a major draw for potential buyers, who see the value in being close to public transport.
Sources: Statista, Talkpal.ai, Expatica
17) Eco-friendly developments in the country can boost property values due to its focus on green energy and sustainability
Belgium is making big moves in green energy and sustainability, boosting property values in eco-friendly areas.
With projects like Wind Power 2025, the Flemish Energy and Climate Plan is set to increase renewable energy capacity by 2030. This not only benefits the environment but also makes properties in these areas more appealing to buyers looking for sustainable options.
Government incentives are a game-changer, pushing for carbon-neutral buildings by mid-century. These policies are driving the creation of energy-efficient homes, which are in high demand because they cut down on utility costs and are better for the planet.
People are now more aware of environmental issues, and this shift in consumer preferences is evident in the rising number of eco-friendly property developments. These properties often have higher resale values, making them a smart investment.
Media coverage is also playing a part, highlighting the benefits of eco-friendly developments and increasing demand for such properties. This buzz is making more people interested in sustainable living.
Belgium's commitment to green energy is not just about the environment; it's about creating a market where eco-friendly developments are more valuable. This trend is attracting buyers who want to invest in sustainable properties.
Sources: Key Drivers Behind Belgium's 2024 Market Dynamics, Renewable Energy in Belgium, Belgium Renovates for Energy Efficient Living
In this video, we can see that buildings contribute significantly to greenhouse gas emissions, and measures for energy efficiency can enhance property values, showcasing Belgium's commitment to sustainability.
While this article provides thoughtful analysis and insights based on credible and carefully selected sources, it is not, and should never be considered, financial advice. We put significant effort into researching, aggregating, and analyzing data to present you with an informed perspective. However, every analysis reflects subjective choices, such as the selection of sources and methodologies, and no single piece can encompass the full complexity of the market. Always conduct your own research, seek professional advice, and make decisions based on your own judgment. Any financial risks or losses remain your responsibility. Finally, please note that we are not affiliated to any of the sources provided. Our analysis remains then 100% impartial.
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