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Investment in residential attracts CBRE offering



The arrival of residential property as a mainstream real estate sector in Belgium, is further confirmed by advisor and broker CBRE. The company has just launched a new website dedicated to investment in residential property. This thus completes its range of advisory services which had previously been exclusively in commercial property.
Assets may range from apartment blocks to individual units. CBRE will be advising on the different issues to be taken into account when opting for this type of investment.
CBRE finds that the residential market in Belgium is currently in good health, and that the needs of the growing population, especially in major cities such as Brussels, will mean that this should remain he case in the foreseeable future. The increasing construction of apartment blocks – at an all-time high according to CBRE – is also a response to the changing configuration of families and the ageing of the population. It is also intended to keep prices from rising too much, as would be the case if demand substantially exceeded supply. Prices are rising slightly, however. The cost of an apartment in the majority of cases is located between € 2000 and € 4000 per square metre.
Tim Harrup
11-10-2017


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