From status to smart investment
Whereas luxury real estate used to be the territory of people in their fifties and sixties, people in their thirties are now also signing on. Especially young entrepreneurs from sectors such as IT or crypto are increasingly investing in exclusive properties. “There are young and solid earnings,” says Roel Druyts of Hillewaere Group. “That translates into purchases that used to be unthinkable at that age.”
With younger buyers, expectations are also rising. Smart home automation, energy-efficient installations and modern finishes have become almost a given. At the same time, the basic rule remains: without a prime location, a property remains vulnerable to loss of value. A house may be as luxuriously finished as it is - in the wrong location it will be difficult to sell.
Uncertainty about capital gains weighs on confidence
The federal uncertainty surrounding a possible capital gains tax on real estate is causing anxiety among investors. According to CEO Druyts, the high-end segment moves partly with the takeover market: when companies are sold, capital is released that often ends up in real estate. If tax rules remain unclear, that also slows down the pace of investment