2023-05-30 19:38:00
The increased interest of wealthy Belgians is linked to the fall in energy prices. “For a long time, big earners have felt insecure regarding energy prices. But with the decline that started in the fall, they were motivated to buy”, explains Bart Van Delm, Managing Director of Hillewaere Real Estate.
High interest rates and inflation apparently did not influence buying decisions. “With the sale of their house, they earn a nice sum of money and therefore have the necessary capital almost immediately”explique Kristoff Herrijgers, director of commercial de Hillewaere.
This year, property prices are relatively stable, but last year they increased by 6.8%. As a result, more houses and apartments were categorized as “million homes” compared to the previous year.
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Foreigners are also interested in Belgian real estate. For a long time, Dutch families have settled in the north of the province of Antwerp to take advantage of the favorable tax conditions. Indeed, there is no wealth tax in Belgium and it is easier to make donations in our country. After the announcement by the Dutch government of an increase in wealth tax, it is likely that more Dutch people will settle in our country.
Belgium also remains popular with expatriates. In general, they live and work in Brussels, but also increasingly in Flanders. “Belgium is interesting for its central position in Europe. In addition, it offers exceptional value for money compared to neighboring countries.”, explains Mr. Van Delm. For the price of a small apartment in Paris, you can buy a luxurious penthouse in the suburbs of Brussels or Antwerp. “For the ordinary worker, the comparison is useless, but for foreign businessmen who travel a lot, it is quite the opposite.”, he adds.
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