Property for sale in Belgium

Is the capital city of the European Union (EU) and the largest urban area in Belgium.  It should not be confused with the much smaller City of Brussels (founded circa 580) within it, which is the capital of Belgium (and Flanders) by law. Get more information on property for sale in Brussels.

It is a founding member of the European Union and hosts its headquarters, as well as those of other major international organizations, including NATO. Belgium covers an area of 30,528 km² (11,787 square miles) and has a population of about 10.5 million.

Overseas property buyers have been buying in Belgium mainly because Brussels the capital is the the location of the European Union headquarters. This has lead to property price rises in Brussels and a busy rental market. Overseas property investors who are prepared to pay City prices for their real estate will be in a good position to earn rental income from property situated in Brussels.  

The self-proclaimed capital of the European Union has seen a boom in new housing in 2008, particularly in the European Quarter. Some 1,000 new homes are planned or under construction in the part of Brussels that houses most of the EU institutions. The construction work will provide residential accommodation for the scores of people who have moved to live and work in Brussels since the EU expanded in 2004.

Real estate agents say that much of the demand for property — particularly in the rented sector — is being generated by people from the 10 new member states.

While property in Belgium is cheap by UK standards, there are several fees that will be charged during the process of buying a property and may sometimes discourage the potential buyers. On the other hand mortgages are easy to secure. This although the transfer fees will add up to 20 per cent to the price of the property.