House Hunting in … Belgium

House Hunting in … Belgium


The master bedroom is on the second level, with two balconies, a closet and dressing room and an en-suite bath with a double vanity, a tub and a separate shower. Three other bedrooms, one with a loft and each with a Juliette balcony, share a bath.

On the third level, two bedrooms with sloped walls and dormer windows share a bathroom that has a tub with a stone surround, a double vanity with a stone counter and a separate shower and private toilet.

In the basement is a lap pool with a swim current, a shower and a toilet, and a storage area. There are laundry rooms on the first and second levels.

Families pedal surreys and children ride go-karts on Knokke’s “digue,” a seven-and-a-half-mile esplanade lined with cafes, bars and galleries that winds through the neighborhoods of Duinbergen, Heist, Albertstrand and Zoute. Knokke has about 200 restaurants, a handful of which have Michelin stars. A third of a mile from the house, one block from the beach, is the high-end Kustlaan shopping street, which counts Hermès and Diane von Furstenberg among its designer boutiques.

Knokke, where the population swells from 30,000 in winter to 250,000 on summer weekends, is an hour’s drive or train ride from Antwerp, an hour-and-a-half from Brussels and 20 minutes from the more touristy town of Bruges.

MARKET OVERVIEW

Sales are vibrant in Knokke, the most expensive resort town on the Flemish coast and one of the priciest areas in Belgium. Zoute is “the most exclusive and expensive part of Knokke,” Mr. Van Bockrijck said.

“The market is very strong,” said Stefaan Geerebaert, the manager of Immo Brown Knokke Zoute real estate agency, adding that Knokke has seen a sales volume increase of more than 15 percent over last year.

There were 180 houses and 500 apartments on the market in Knokke as of Nov. 7, according to the real estate site immovlan.be. In the walkable “golden triangle” area of Zoute, spacious two- and three-bedroom apartments start at 1.5 million euros (or about $1.7 million), Ms. Cambier said, and villas run from 2 million to about 4 or 5 million euros (or from about $2.3 million to $5.8 million).

According to Statistics Belgium, a government office, the mean price for a villa or bungalow in Knokke was 1,216,764 euros (or about $1.4 million) in 2016, compared to 349,827 euros (or about $406,000) for all of Belgium. Apartments were also pricier in Knokke, with a mean of 496,075 euros (about $576,000), compared to 221,401 euros (about $257,000) for Belgium overall.

Following the 2008 global economic downturn, “the market was frozen for a couple of months” at the end of 2009 and the beginning of 2010, Ms. Cambier said. “Sellers didn’t want to sell, and buyers didn’t want to pay the price.”

Apartments with ocean views dipped 10 percent in price and big villas went down 15 to 20 percent, she said, while transactions remained difficult for two years.

For the last four years, however, prices have been “going up,” Ms. Cambier said, and the past year saw a record number of sales on the coast, with most close to the asking price — or, as Ms. Cambier put it, the selling discount was “not more than three percent in 70 percent of the deals.”

WHO BUYS IN KNOKKE

Belgians make up the largest number of buyers, but the area is seeing an increasing number of buyers from France, Luxembourg, Holland and Germany as well, said An Willemyns, a manager and broker at Dirk Willemyns, a real estate agency. Families who buy in Knokke have often previously vacationed or rented there, she said.

BUYING BASICS

There are no restrictions on foreign buyers. Buyers and sellers must both be represented by a notary whose fees depend on the purchase price; on a 3 million euro house, the buyer’s fee would run about 6,000 euros, or about $7,000. There is also a 10 percent registration tax, Mr. Geerebaert said.

A 21 percent value-added tax is charged on properties less than two years old.

Belgian law requires that an energy certificate stating the property’s energy consumption level be delivered to the buyer.

TAXES AND FEES

Annual property taxes on this house are about 2,580 euros (or $3,000) a year, Mr. Van Bockrijck said. Houses used as a second residence have an additional “holiday house” tax of 700 to 750 euros a year, or about $810 to $870, Ms. Willemyns said.

WEBSITES

Belgium information: belgium.be

Knokke municipal site: knokke-heist.be

Knokke tourism: knokkeheist.com

LANGUAGES AND CURRENCIES

Dutch, French, English; euro (1 euro = $1.16)

CONTACT

Maxime Van Bockrijck and Stéphanie Cambier, Cambier-De Nil, 011-32-50-96-96-17; cambierdenil.be

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