The Belgian property market is strongly influenced by the economy, and owning a house isn't seen as a great investment. However, Belgium has no restrictions on the foreign ownership of real estate.
Belgium has become very popular with foreign investors, as the EU's headquarters are based in Brussels. Property prices are considered to be relatively cheap compared to other European countries. However, the property market in Belgium is strongly influenced by the economy and prices tend to fluctuate constantly.
If you are planning on staying in Belgium for less than five years, it is recommended to rent instead of buying a home. Owning a property isn't seen as a good investment, and generally people don't think it's important to own their home. Transfer costs are high and tax benefits tend to vary greatly, which also discourages residents to invest in properties.
Brussels is one of the main property markets in Belgium, therefore, prices are higher than in the rest of Belgium. There is a great number of town houses, villas and estates in the city. Other main property markets near Brussels are the Flemish Brabant and the Walloon Brabant.