Belgium. All new buildings

Location and the state of the economy

Belgium is located in the northwest of the European continent, the coast is bordered by the North Sea; the country is a member of the UN, NATO, EEC, is part of the Schengen zone and the eurozone.

The climate is maritime. Not hot and cloudy in summer. In winter, the weather is mild and not cold, it often rains. Precipitation in the form of snow is rare, there are frosts.

The basis of the economy is the following industries: oil production, chemistry (fertilizers, pharmaceuticals, plastic products), metal products, woolen and synthetic carpets, food, mechanical engineering, electrical engineering, radio electronics, automotive industry. Energy comes mainly from the nuclear power plants. The role of plant growing, animal husbandry, cheese making, brewing in the agricultural complex of the country is significant.

Belgian new build market

According to statistics from Belgium, at the beginning of 2022, building permits were issued (based on the past year) by only 0.41% more than at the beginning of 2021. Against this background, the cost of an apartment in a new building in Belgium remains high. In some regions, it has grown over the year, but, taking into account the inflation rate in the region of about 10%, the real price for apartments from a developer in Belgium has become slightly lower. Thus, the market is cooling down somewhat. Experts note that in the event of an increase in rental rates, the market for new buildings will shrink even more. However, the situation is not uniform across regions: the Flemish region issued the most building permits in February 2022, while Wallonia has been declining for three months in a row. Residential complexes in Belgium in the region of the capital - Brussels are being built in a small number (15 permits issued) due to a shortage of free land. At the same time, buying an apartment from a developer in Belgium is still attractive for foreign investors, as the country is interesting for living and doing business. Demand is constrained by the influence of external force majeure circumstances that accelerate inflationary processes. However, these factors are temporary. Reviews of those who bought primary apartments in the residential complexes testify to the compliance with construction quality standards of the objects being built.

Prices for new buildings in Belgium

According to the information of the GEOLN.COM website, the minimum price per 1 sq.m of a new building area in Belgium, handed over in a turnkey condition, in major cities of the country is:

• Ghent - 1660 USD,
• Oostkamp - 2330 USD,
• Bruges - 1830 USD,
• Antwerp - 2340 USD,
• Brussels - 2425 USD.

The need to take into account the dynamics of price changes involves the use of only reliable information at the time of the request.

Real estate in Belgium in the new buildings (types)

Residential - apartments, apartments (including duplexes, penthouses), villas, townhouses.

Commercial - cafes, restaurants, office and industrial premises, warehouses, etc.

The nuances of buying real estate in a new building

Experts point out that the market for new buildings in the country is heterogeneous. The capital of West Flanders, the city of Bruges, is attractive for its historical center; it is especially profitable to rent apartments in the new buildings here. The capital's new buildings are most interesting for the acquisition of premises for the purpose of doing business. When deciding to buy an apartment in Belgium in a new building, it is advisable to follow the suggestion of specialists. The GEOLN.COM real estate website will help the investors (the search interface is very convenient) since it contains a full catalog of objects for sale.

Real estate from a developer in Belgium is a promising investment that allows you to receive permanent income from the provision of housing for rent, to live in a country of the European Union that is attractive for business and tourism.