Belgium is considered safe haven in real estate market
Brussels has shot up from 16th to fifth place in the international league table of cities ranked according to their attraction for business investors in the property market, according to a study by PriceWaterhouseCoopers and Urban Land Institute. Brussels owes its rise to the feeling of safety felt by investors, the study says. Brussels has failed to fall victim to the excesses in the property market felt by other major cities. The table is headed by Paris, taking over from London which drops to ninth place. Munich is second, followed by Zurich and Hamburg. The PwC study was carried out among 500 property experts in 27 countries. Brussels was also given a high ‘hold’ score by the property experts surveyed – meaning their advice to owners is not to sell.
This is good news for PremGroup as we are are working on three projects in Brussels at the moment . We expect to have two hotel deals done for this market by the end of this year . These two new hotels will compliment the Holiday Inn Brussels-Schuman that we operate in the city .