In Belgium there is a very stable, well-regulated market. For Belgium there are no restrictions on property or land ownership for citizens. Also, there are no restrictions on property ownership for foreigners. However, there is property taxation to take into account.
FACTS
72%
of the households in Belgium own real estate
19%
of the households in Belgium are a private tenant
7%
of the households in Belgium are a social tenant
Laws and Regulations
There is exclusive representation in Belgium. Also, the seller party is represented. The commission fees are also paid by the seller.
There are licensing laws/government regulation of the real estate industry in Belgium. It should be renewed every 10 years.
In Belgium referral fees are paid and the percentage of the commission necessary to pay is 4.4%.
Search portals
There is no Multiple Listing Service (MLS) or other listing site in Belgium. However, there is a main property portal for consumer property searches called:
THE PROCES
1. Search
Searching for the ideal property based on your criteria
2. Analysis
Analysing the property
3. Valuation
Assessment of the real estate and a valuation
4. Negotiation
Negotiations with the vendor/agent in order to obtain the best possible conditions
5. Contracts
Compiling the offer and reviewing the contracts