All featuresWhile property in Belgium is cheap by UK standards, the various fees, charges and deposits associated with buying a house and securing a mortgage are likely to discourage all but the most determined buyers. There’s no mortgage relief on income tax and, if you resell the property within five years, you’ll be hit with capital gains tax. The good news is that mortgages are fairly easy to secure, but don’t forget that total transfer fees will add 15 to 20 per cent to the price of a house, and there’s VAT at 21 per cent to reckon with if you buy a new home. more...
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FINDING ACCOMODATION
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THE BELGIAN RENTAL MARKET
IMPORTANT POINTS
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All you need to know before signing a rental agreement Once you’ve found a house or apartment to rent, you’ll have to negotiate and finalise a lease, or rental contract. You should read the lease carefully before signing it and, if you have doubts or questions about any of the terms, have them translated or explained to you. A lease will identify the property you’re renting, including both the street address and the apartment (either by number or location). If there are additional rooms or privileges included in the basic rental... more...
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BUYING PROPERTY
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Finding suitable accommodation can be a problem in some parts of Belgium, depending on your requirements and your financial resources. There is a relatively free and open housing market in much of Belgium. Housing is available in most of Belgium, although the constant flow of bureaucrats and diplomats to and from Brussels makes the rental market tight in and around the capital. Rental housing in Belgium is plentiful and generally easy to find, thanks to rather generous (for Belgium) treatment of rental income. more...
Belgium is overflowing with ideas for excursions for the whole family, there is an incredible choice, and an exceptional variety. There are almost 365 tourist attractions and museums in our 10 provinces where you can enjoy yourselves throughout the year. There is something for every taste: children will have a great time ... more...
Common charges, house rules and inventory Common charges are the monthly fees you pay for the services you share with your neighbours in the same building (or sometimes within the same complex or housing estate). more...
LEASES IN BELGIUM
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How to buy a place in Belgium You should give careful consideration to whether you’re better off buying or renting property in Belgium. If you’re staying for only a short time, e.g. less than five years, you’re probably better off renting. Owning your own home isn’t considered such an important an investment as it is in some other countries. Although property prices ‘boomed’ in the late ’80s and early ’90s, increases have slowed and high transfer (conveyance) costs discourage home ownership as an investment. The tax benefits of home ownership vary greatly. .
How to find a place to live There are a number of ways to find a property to rent, including the following: more...
Rental agencies and estate agents If you need or want help in finding a place to live, you should know that there are two distinct kinds of agencies that handle housing rentals in Belgium. more...
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