Property Investment in Belgium as a Foreigner

Selling real estate to foreigners in Belgium is not limited: you can buy and sell housing and commercial real estate or rent it out.

Statistics confirm the liquidity of investments: residential real estate prices grow by an average of 1.1% every quarter. Five years ago, an apartment of 100 m² cost an average of €247,000, and today it is sold for €305,000.

€3,047

Average price per 1 m²

1,1%

Average price growth per quarter

14—22%

Associated costs, of the property value

How the residential property price index is growing in Belgium

blok

Cost of a 3-bedroom apartment in Belgium

€1 million

Penthouse in the centre of Brussels

€500,000

Apartment in Brussels

€300,000

Apartment in Bruges

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Individual selection of investment properties

  • Discuss your tasks and goals

  • Choose between properties from reliable developers

  • Get fully prepared and verified documents for a purchase

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Schedule a meeting

Individual selection of investment properties

  • Discuss your tasks and goals

  • Choose between properties from reliable developers

  • Get fully prepared and verified documents for a purchase

Prefer messengers?

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Belgium residence permit or citizenship by real estate investment

Obtaining a Belgium residence permit or citizenship is not connected with purchasing real estate or investing in the country’s economy.

Discover real estate market trends in 41 European countries

Discover real estate market trends in 41 European countries

  • Master the residency process

  • Get expert tips and documents

  • Estimate costs accurately

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Taxes and associated costs

Purchase taxes

Property buyers pay a value-added tax for new builds or a transfer tax for resale properties. There is an additional notary fee.

Associated costs range from 13.7% to 21.6% of the purchase agreement value. When buying a new apartment for €500,000, the investor will spend €608,000, including associated costs.

New buildings — VAT21%
Resale property — transfer tax10—12.5% — depends on the region
Notary fee1.6%

Ownership taxes

Property owners pay an annual tax ranging from 1.25% to 2.5% of the cadastral value. The rate depends on the region.

In addition, owners pay a municipal tax, which base rate is up to 8% of the property tax amount. The municipal tax rates vary by region.

If the owner rents out the property, they pay a tax on net rental income at a progressive rate of 25% to 50%. The effective tax rate is 9% to 20% on the rental income.

Electricity, gas, water, heating, and garbage collection€95—232 — per month
Internet, TV and telephone€33—70 — per month

Sale taxes

If the real estate seller has owned an object for less than five years, they pay a capital gains tax of 16.5% on the difference between the sale and purchase prices.

Capital gains tax — paid on the difference between the purchase and sale prices0—16.5%
Agency fee3—5% — of the transaction amount

Countries to buy a property and get residency or citizenship

We offer proven properties that comply with the conditions of government programs for investors. You can buy real estate and obtain a residence permit or citizenship.

Country
Property investments
Status
Obtaining time
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Malta28 properties

€375,000+

Permanent residency

6+ months

Show 28 properties

€375,000+Permanent residency6+ months
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Grenada41 property

$270,000+

Citizenship

8+ months

Show 41 property

$270,000+Citizenship8+ months
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ae-flagae-flag
UAE129 properties

AED 750,000+

Residence permit

2+ months

Show 129 properties

AED 750,000+Residence permit2+ months
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es-flages-flag
Spain29 properties

Not limited

Residence permit

4+ months

Show 29 properties

Not limitedResidence permit4+ months
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Portugal43 properties

Not limited

Residency after D Visas

6+ months

Show 43 properties

Not limitedResidency after D Visas6+ months
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Igor Buglo

Material prepared by Igor Buglo, Head of the Maltese office, MBA

Updated:

Frequently asked questions

  • Can foreigners buy property in Belgium?

    Yes. The sale of real estate to foreigners in Belgium is not limited: you can buy, rent out, and sell residential and commercial real estate.

  • How much do houses cost in Belgium?

    Property prices in Belgium depend on the location. The average cost of 1 m² of housing is €3,047.

  • How much is the property purchase tax in Belgium?

    If you purchase a new property, the VAT is 21%. For secondary property, there is a 10—12,5% transfer tax.

  • Is Belgium good for real estate?

    Yes. Properties in Belgium are liquid assets: residential property increases in price by an average of 1,1% every quarter.

    Owning or renting real estate in the country is also one of the requirements for obtaining a residence permit in Belgium for financially independent persons. After 5 years of permanent residence in the country, a foreigner can apply for Belgian citizenship.