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Real estate : The Belgian coast attracts wealthy clients

Real estate : The Belgian coast attracts wealthy clients

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The Belgian coastal real estate market is not experiencing a crisis. Since the beginning of the year, transactions have increased by almost 50%, with a strong trend for high-end properties.

 

Real estate activity on the Belgian coast is up by 47.5% compared to the same period in 2020 and by 38.8% compared to 2019, with an average price that can vary by a factor of three from one municipality to another. This is significantly higher than for the country as a whole, where the number of transactions rose by 16.7% in the first half of the year between 2019 and 2021.

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“The strong increase in transactions on the coast is linked to the Coronavirus,” says Ostend notary Bart Van Opstal. “On the one hand, people who want to buy a second home are less interested in real estate abroad, and on the other hand, many investors want to secure their cash flow by investing in real estate.”

 

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