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Real Estate in Waterloo, Belgium | Digital Nomad Exchange
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Real Estate in Waterloo, Belgium

By Betsy Burlingame

Last updated on Jun 03, 2024

Summary: The average cost of a nice 2 bedroom home in Waterloo, Belgium is around €200,000, while a nice 3 bedroom home is around €250,000. These properties typically include modern amenities such as central heating, double glazing, and a fully equipped kitchen. Some may also include a garden or terrace. Foreigners are allowed to purchase property in Waterloo, however they must obtain a permit from the local municipality. When searching for a home to buy in Waterloo, an expat should consider their budget, desired location, and the type of property they are looking for. It is also important to research the local market and consult with a real estate agent. The most desirable neighborhoods in Waterloo include the city center, the communes of Braine-l'Alleud and Lasne, and the communes of Rhode-St-Genese and Uccle. These areas offer a variety of amenities, including shops, restaurants, parks, and public transportation.

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How do I find a place to live in Waterloo?

We asked expats how they chose their neighborhood and found a place to live. They answered:

"If you are looking for a place to live in Waterloo, there are a few options available. You can search online for rental listings, or contact a local real estate agent to help you find a suitable property. Additionally, you can look for postings on local bulletin boards or in newspapers. You can also ask friends and family if they know of any available properties. Finally, you can visit the local town hall or other government offices to inquire about housing options," said one person in Waterloo.

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What is a typical expat home or apartment like in Waterloo?

"Expat homes and apartments in Waterloo are typically modern and spacious. Many of the apartments are located in the city center, close to shops, restaurants, and other amenities. The apartments often feature large windows, allowing plenty of natural light to enter the space. Many of the homes and apartments also have balconies or terraces, providing a great outdoor space to relax and enjoy the views. Expats in Waterloo can also find homes and apartments with modern kitchens, bathrooms, and other amenities," said one person in Waterloo.

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What is the average cost of housing in Waterloo?

If you are thinking about moving to Waterloo, cost of living in probably a key consideration. Expats commented about the cost of housing:

"The cost of housing in Waterloo varies depending on the type of accommodation and location. Generally, the average cost of renting an apartment in Waterloo is around €800 to €1,200 per month, while the average cost of buying a house is around €400,000," said one expat in Waterloo.

Should I buy or rent a home in Waterloo?

If you have not spent a lot of time in Waterloo, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:

"The decision to buy or rent a home in Waterloo may depend on several factors such as your financial situation and personal preferences. If you have the ability to purchase a home with cash or you qualify for a mortgage, buying a home may be a more reliable and cost-effective option in the long run. Buying a home offers certain advantages such as a possibly appreciating asset, the ability to customize, and the freedom to move without restrictions. Renting a home may offer the advantage of avoiding a large down payment and the flexibility to switch neighborhoods more easily. Ultimately, the decision will depend on your individual circumstances and needs," remarked one foreigner who made the move to Waterloo.

What do I need to know when buying property in Waterloo?

When we asked expats what advice they would give a foreigner before buying a property in Waterloo, they said:

"When buying property in Waterloo, it is important to research the local market and understand the current trends in the area. It is also important to consider the local infrastructure, such as public transportation, schools, and other amenities. Additionally, it is important to understand the local tax laws and regulations, as well as any restrictions on foreign ownership. It is also important to consider the cost of living in the area, as well as the availability of financing options. Finally, it is important to work with a qualified real estate agent who is familiar with the local market and can provide advice and guidance throughout the process," said one person in Waterloo.

Are foreigners allowed to own property in Waterloo?

When we asked expats what advice they would give a foreigner before buying a property in Waterloo, they said...

"Yes, foreigners are allowed to own property in Waterloo. There are no specific restrictions on foreign nationals purchasing real estate in the country. However, they must follow the same legal procedures and requirements as Belgian citizens, which include signing a sales agreement, obtaining a mortgage if necessary, and completing the property registration process. Additionally, they may be subject to taxes and fees associated with the purchase, such as registration fees and notary fees," said one person in Waterloo.

What appliances are typically included in a rental?

We asked foreigners in Waterloo what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included:

"Rental properties in Waterloo typically include a refrigerator, stove, oven, dishwasher, washing machine, and dryer. Additionally, some properties may include a microwave, toaster, and other small kitchen appliances," remarked one foreigner who made the move to Waterloo.

Additional Information about Searching for a Home in Waterloo:

We asked foreigners in Waterloo what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included...

"Expats searching for homes in Waterloo, often begin by browsing online property portals and websites that cater specifically to expats. They may also join local expat forums and social media groups to seek advice and recommendations from fellow expats who have already gone through the process. Additionally, they may reach out to local real estate agencies that have experience working with expats and can provide guidance on the local housing market. Some expats may also visit the area in person to explore neighborhoods and attend open house events to get a better feel for the properties available. Networking with locals and other expats can also be helpful in finding potential rental or purchase opportunities that may not be listed online," said one person in Waterloo.

About the Author

Betsy Burlingame Betsy Burlingame is one of the founders of Digital Nomad Exchange and the Founder and President of Expat Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange and Digital Nomad Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.

Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.

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