{"id":55882,"date":"2024-12-11T08:57:45","date_gmt":"2024-12-11T08:57:45","guid":{"rendered":"https:\/\/www.christiesrealestatebelgium.be\/real-estate-reform-registration-duties-in-wallonia-reduced-to-3\/"},"modified":"2025-03-07T10:39:31","modified_gmt":"2025-03-07T10:39:31","slug":"real-estate-reform-registration-duties-in-wallonia-reduced-to-3-percent","status":"publish","type":"post","link":"https:\/\/www.christiesrealestatebelgium.be\/en\/real-estate-reform-registration-duties-in-wallonia-reduced-to-3-percent\/","title":{"rendered":"Real estate reform: registration duties in Wallonia reduced to 3%"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"55882\" class=\"elementor elementor-55882 elementor-55872\" data-elementor-post-type=\"post\">\n\t\t\t\t<div class=\"elementor-element elementor-element-166a662 e-flex e-con-boxed e-con e-parent\" data-id=\"166a662\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-5c2a0c2 elementor-widget elementor-widget-text-editor\" data-id=\"5c2a0c2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h2><span class=\"TextRun SCXW257958591 BCX0\" lang=\"NL-NL\" xml:lang=\"NL-NL\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW257958591 BCX0\">The Walloon real estate market is set to undergo a significant transformation with the introduction of a historic tax reform.<br \/>\nThe Walloon Parliament has just approved a measure that will substantially reduce registration duties from 12.5% to 3% starting January 1, 2025. <\/span><\/span><span class=\"EOP SCXW257958591 BCX0\" data-ccp-props=\"{}\"> <\/span><\/h2>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-942e29a elementor-widget elementor-widget-text-editor\" data-id=\"942e29a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h4>New system to facilitate home ownership<\/h4>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cfebd8d elementor-widget elementor-widget-text-editor\" data-id=\"cfebd8d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span class=\"TextRun SCXW200619244 BCX0\" lang=\"NL-NL\" xml:lang=\"NL-NL\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW200619244 BCX0\">This reform primarily aims to make home ownership more accessible, particularly for young buyers.<br \/>\nIndeed, the average age for purchasing a first property has increased from under 25 to over 35 years in recent years. <\/span><\/span><span class=\"EOP SCXW200619244 BCX0\" data-ccp-props=\"{}\"> <\/span><\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e9ca287 elementor-widget elementor-widget-text-editor\" data-id=\"e9ca287\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h4>Eligibility conditions<\/h4>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4f83da2 elementor-widget elementor-widget-text-editor\" data-id=\"4f83da2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span class=\"TextRun SCXW93006030 BCX0\" lang=\"NL-NL\" xml:lang=\"NL-NL\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW93006030 BCX0\">The reduced rate of 3% will apply exclusively to the purchase of a primary and only residence.<br \/>\nCurrent homeowners can also benefit from this rate, provided they sell their existing property within three years of the new acquisition. <\/span><\/span><span class=\"EOP SCXW93006030 BCX0\" data-ccp-props=\"{}\"> <\/span><\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-82a1700 elementor-widget elementor-widget-text-editor\" data-id=\"82a1700\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h4>Impact on the real estate market<\/h4>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0c4aee0 elementor-widget elementor-widget-text-editor\" data-id=\"0c4aee0\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span class=\"TextRun SCXW102716808 BCX0\" lang=\"NL-NL\" xml:lang=\"NL-NL\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW102716808 BCX0\">This reform is expected to significantly stimulate the Walloon real estate market.<br \/>\nReal estate experts anticipate an increase in demand, with the number of authentic deeds potentially rising from 125 to 200 per day by early 2025. <\/span><\/span><span class=\"EOP SCXW102716808 BCX0\" data-ccp-props=\"{}\"> <\/span><\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a02e6a6 elementor-widget elementor-widget-text-editor\" data-id=\"a02e6a6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h4>Elimination of existing measures<\/h4>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7ae7ed8 elementor-widget elementor-widget-text-editor\" data-id=\"7ae7ed8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>In exchange for this reduction, several existing schemes will be abolished.<\/p>\n<ul>\n<li>The tax allowance for first-time buyers.<\/li>\n<li>The housing bonus.<\/li>\n<li>The reduced rate for modest housing.<\/li>\n<\/ul>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c07bcc4 elementor-widget elementor-widget-text-editor\" data-id=\"c07bcc4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h4>Practical aspects for buyers<\/h4>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d93740d elementor-widget elementor-widget-text-editor\" data-id=\"d93740d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span class=\"TextRun SCXW188194662 BCX0\" lang=\"NL-NL\" xml:lang=\"NL-NL\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW188194662 BCX0\">Future buyers can already begin their purchase process.<br \/>\nThe signing date of the authentic deed, not the preliminary agreement, will determine the application of the new rate.<br \/>\nIt is recommended to allow approximately four months between signing the preliminary agreement and the authentic deed.  <\/span><\/span><span class=\"EOP SCXW188194662 BCX0\" data-ccp-props=\"{}\"> <\/span><\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3682b78 elementor-widget elementor-widget-text-editor\" data-id=\"3682b78\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h4>Future prospects<\/h4>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8d8398f elementor-widget elementor-widget-text-editor\" data-id=\"8d8398f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span data-contrast=\"auto\">This reform, representing a 700 million euros investment for the Walloon Region, demonstrates a strong political commitment to facilitating home ownership.<br \/>\nIt could also influence real estate dynamics in neighboring regions, particularly in Brussels where registration duties remain at 12.5%. <\/span><span data-ccp-props=\"{}\"> <\/span><\/p>\n<p><span data-contrast=\"auto\">This historic measure marks a turning point in Wallonia&#8217;s housing policy, offering new perspectives for future homeowners while reshaping the region&#8217;s real estate tax landscape.<\/span><span data-ccp-props=\"{}\"> <\/span><\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>The Walloon real estate market is set to undergo a significant transformation with the introduction of a historic tax reform. The Walloon Parliament has just approved a measure that will substantially reduce registration duties from 12.5% to 3% starting January 1, 2025. New system to facilitate home ownership This reform primarily aims to make home &hellip; <a href=\"https:\/\/www.christiesrealestatebelgium.be\/en\/real-estate-reform-registration-duties-in-wallonia-reduced-to-3-percent\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Real estate reform: registration duties in Wallonia reduced to 3%&#8221;<\/span><\/a><\/p>\n","protected":false},"author":7,"featured_media":55875,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_genesis_title":"","_genesis_description":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-55882","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-geen-onderdeel-van-een-categorie"],"acf":[],"meta_all":[],"meta_all_flat":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Real estate reform: registration duties in Wallonia reduced to 3% - Christie\u2019s International Real Estate Belgium<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.christiesrealestatebelgium.be\/en\/real-estate-reform-registration-duties-in-wallonia-reduced-to-3-percent\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Real estate reform: registration duties in Wallonia reduced to 3% - Christie\u2019s International Real Estate Belgium\" \/>\n<meta property=\"og:description\" content=\"The Walloon real estate market is set to undergo a significant transformation with the introduction of a historic tax reform. 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