Complete guide to buying property in Belgium

Introduction

Buying property in Belgium is a major life project that requires careful preparation. This guide takes you through all the steps of the purchasing process, from initial research to collecting the keys.

1. Define your budget

Before starting your search, it is essential to determine your borrowing capacity. In Belgium, banks generally finance up to 80% of the property value. Also plan for additional costs: notary fees (approximately 12-15% of purchase price in Wallonia and Brussels, 10-12% in Flanders), bank processing fees, and potential renovation costs.

Consult several banks to compare rates and conditions. A mortgage broker can help you secure the best market conditions.

2. Property search

Define your search criteria: location, property type, surface area, number of bedrooms, budget. Use online property portals like agency.immo to browse available listings. Do not hesitate to contact estate agents specialising in your area of interest directly.

Visit several properties to refine your criteria and build good knowledge of the local market. During visits, check the overall condition of the property, the EPC certificate, electrical installations and the roof.

3. Making an offer

When you have found the ideal property, you can make a written purchase offer. This offer is legally binding in Belgium, so be careful. It is recommended to include suspensive conditions (obtaining the loan, for example).

If the offer is accepted, a sales agreement is signed at the notary's office in the following weeks. A deposit of 10% of the price is usually required at this stage.

4. Financing

After signing the agreement, you generally have 4 to 6 weeks to finalise your mortgage. Gather the necessary documents: payslips, tax assessment, available savings, sales agreement.

Mortgage rates in Belgium vary according to the loan term and your borrower profile. A 20-25 year loan is most common.

5. The authentic deed

The final deed of sale is signed at the notary's office within 4 months of the agreement. The notary verifies the legal status of the property, calculates the fees and transfers ownership. This is when you receive the keys to your new property.

Conclusion

Buying property in Belgium is a legally well-regulated process. By surrounding yourself with competent professionals (estate agent, notary, broker), you will maximise your chances of a successful purchase.