Real Estate Investment in Belgium: Requirements

Real estate is a prominent investment option in Belgium and can offer returns when the applicable requirements are met.

Returns importance Investing in Belgium To the strength of the country’s economy in general, as it is one of the most important and strongest countries in the European Union, and it is also keen to provide all the needs of citizens and work for their comfort.

We will present to you through Europedia 24 europedia24.com what are the most important conditions for real estate investment and the required papers, in addition to the relationship of this type of investment to the possibility of obtaining residency.

Real estate investment in Belgium

Real estate investment in Belgium is one of the most reliable investment methods for people inside Belgium, due to the strength of the country’s economy and its stability at all levels.

The low real estate prices in Belgium compared to other European countries have contributed to the revival of this field and the achievement of many financial returns through owning and renting real estate.

The most important thing that distinguishes the field from others is the possibility of also obtaining residency in Belgium through real estate investment, unlike many European countries, which do not allow this matter at all.

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Advantages of real estate investment in Belgium

Real estate investment in Belgium has many advantages that have contributed to the success of the field in general, in addition to the fact that it is witnessing great demand by investors from all over the world.

The most important advantages of real estate investment in Belgium are as follows:

1. Real estate prices are significantly lower compared to other European countries.
2. Earn a lot of profits by investing in this field.
3. The possibility of obtaining residency in Belgium by owning real estate.
4. Benefit from the high standard of living and education and health services in the country.
5. Its strategic location due to its presence near the European market.

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Disadvantages of real estate investment in Belgium

Although real estate investment is one of the best types of investment in Belgium, and does not impose many conditions in order to start in this field, there are many other disadvantages that may negatively affect the success of this field.

The most important disadvantages and drawbacks of real estate investment in Belgium are as follows:

• Imposing high tax rates between the seller and the buyer.
• Investment is generally based on foreign direct investment.
• Belgium is affected by the special economic situation of the European region.

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Real estate investment conditions in Belgium

Real estate investment within Belgium differs from other types of investment in that it does not require any complicated conditions at all.

However, the matter is limited to providing the basic required documents, most notably a valid passport, in addition to documents proving that he has not committed any crime or suffered from any disease, as well as a bank document to prove the ability to reside and bear the costs of life.

Therefore, there are absolutely no restrictions that may prevent foreigners from owning real estate in Belgium, or obtaining a mortgage even if they do not reside in Belgium.

But you must know that the costs for purchasing real estate in Belgium are divided between the buyer and the seller, which is represented in a set of taxes between the resident and non-resident owner in Belgium.

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Real estate investment costs in Belgium

We also explained that there is a group of taxes divided between the resident and non-resident owner in Belgium, which you must be sufficiently aware of when owning real estate in Belgium, which are as follows:

1. The buyer must pay registration tax for properties older than two years, which varies based on the area of ownership.
2. A value-added tax is imposed on properties older than two years, estimated at 21%, instead of the registration tax.
3. Notary costs are about 4%.
4. The assessment fee is approximately €200, plus the required VAT payment.
5. In the case of obtaining a mortgage, the mortgage costs must be paid based on the required interest.
6. In the case of obtaining a mortgage, you must pay the costs of insurance for the home and its contents.
7. The seller must pay the majority of the real estate agent’s share, which amounts to 200 euros.

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Types of real estate investment in Belgium

Belgium provides many different types of real estate investment, to suit all investors and achieve huge profits from the field, as these types are represented in the following:

• Investing in industrial real estate: By constructing warehouses and warehouses and then renting them to companies with a fixed monthly income to make a profit.
• Establishing a tourist hotel: Belgium is considered one of the most attractive countries for tourists, due to the presence of many distinctive tourist places, so you can create an integrated hotel and then sell it and make profits.
• Investment by purchasing shares of real estate companies: You can buy shares of real estate companies on the stock exchange, as they do not require large capital, in addition to being one of the safest methods of investment.
• Investing in residential apartments, resorts, and commercial stores and then selling or renting them.

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Steps for buying real estate in Belgium

If you make the final decision and want to buy real estate in Belgium, and start this type of investment, you must adhere to the following steps that will help you buy real estate in Belgium:

• It is necessary to search for a property suitable for the nature of your desires, taking into account the location and price, by taking advantage of online real estate portals or relying on a real estate agent.
• You must submit an offer after finding the appropriate property, by writing the offer, which must include specific details, including the price and any other conditions you want to add.
• Sign the sales agreement if your offer is accepted. This is a legally binding contract that sets out the terms of the sale.
• Complete the sale process by paying the required value, notary fees, and any other required taxes.

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Obtaining residency in Belgium through real estate investment

You can obtain residency in Belgium with ease, through real estate investment and owning real estate in the country, but on the condition that you adhere to the amount of investment required in order to obtain residency.

Therefore, you must start investing in real estate in Belgium with an amount ranging between 350 thousand to 500 thousand euros, so that you can obtain residency with ease, without any other restrictions at all.

Of course, after five years of your residence in the country, you can apply for permanent residency, settle within Belgium and benefit from all the country’s services and benefits.

After obtaining residency in Belgium, you can enjoy many benefits and services within the country, which are as follows:

• Access to education for free.
• Benefit from health care.
• It is characterized by a low tax system with the possibility of providing exemptions to foreign investors.
• Exemption from income, inheritance, and real estate taxes.
• The possibility of moving freely in all countries of the European Union and the Schengen area.

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FAQ about real estate investment in Belgium

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