Retail development offers retail spaces, which can be cyclical and involve multiple stages. Retail development which comes under the category of commercial real estate development can include new stores, shopping centers, or other retail spaces.
Retail development significantly contributes to the generation of tax revenue for the government. Through sales taxes, property taxes, and other levies, the retail sector becomes a reliable source of revenue for public services such as healthcare, education, and supports the overall infrastructure development market.
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.
