Real estate development in Belgium, and to that point anywhere in the world, typically involves various types of land that can be used for different purposes.
When it comes to land that is used for the development of family oriented homes, the end product can range from single homes to apartment complexes with retail spaces on the ground floor. There is no end to the variety of residential properties that are designed and built in this day and age.
Commercial buildings like shopping centers, malls, and standalone stores require specific planning permission to fulfill the desired outcome. Office buildings, which range from the small single unit to entire buildings have similar requirements to meet as regards local authorities and building controls.
Warehouses, distribution centers, industrial plants, factories, heavy manufacturing facilities, ranching, or forestry purposes, parks, sports complexes, golf courses, and other recreational developments all come under the commercial development category.
Each type of land comes with its own zoning, environmental considerations, and development potential, which developers need to account for when planning projects.
Why Buy or Invest in New Real Estate Developments in Belgium.
Belgium has a well-developed, diverse economy and is known for its political stability. It’s also centrally located within Europe, which makes it an attractive hub for international businesses. With a strong economic foundation, real estate investments are often seen as safer, and demand for both residential and commercial properties remains relatively steady.
Many new real estate developments in Belgium are increasingly incorporating sustainable features, such as energy-efficient designs, green roofs, and renewable energy solutions. With growing demand for eco-friendly living spaces, investing in such properties can appeal to environmentally-conscious tenants and buyers, enhancing the property's attractiveness and value.
Belgium’s real estate market, whether for residential or commercial purposes, could be a rewarding opportunity due to its strong fundamentals, stable market conditions, and potential for long-term capital growth.
The capital is a hub for international organizations, businesses, and expatriates. Areas like the Avenue Louise, Ixelles, Uccle, and Watermael-Boitsfort are known for their upscale properties. Brussels is also home to many luxury residential developments and international buyers.
Due to its central location in Europe, Belgium remains an attractive place for international investors. Cities like Brussels, Antwerp, and Ghent are seeing increasing demand for luxury housing, especially within gated communities.
Belgium has specific regulations regarding property ownership for non-residents, but EU citizens have the same rights as Belgian citizens when buying real estate. Non-EU citizens may face more restrictions.
There’s a growing interest in energy-efficient, eco-friendly homes. Investors who focus on new off-plan developments with a sustainable edge may see long-term returns.
