Park Lane
New-build property in Bruxelles

For a new-build apartment that is already delivered, payment is made in two stages: upon signing the preliminary sales agreement, 5% of the purchase price is paid into the notary’s escrow account. The remaining 95%, together with the acquisition costs, is then paid upon signing the final deed of sale. As the property is finished, you can move in shortly after the deed is signed, with no construction period to wait for.

In addition to the purchase price, several additional costs should be expected:

• 21% VAT;
• Notary fees;
• Mortgage-related costs;
• Utility connection fees;
• Fees for drawing up the deed of co-ownership. No registration duties are payable on the construction portion; however, registration duties apply to the land portion. Our advisors will provide you with a complete, free overview based on your situation.

For the Park Lane project, the building is subject to 21% VAT. The land is split between bare ownership and a long leasehold interest, with two separate registration duty regimes:

• Bare ownership: 12.5% registration duties;
• Long leasehold interest: 5% registration duties.

This specific structure for the Park Lane project may provide a tax advantage, as part of the land is taxed at the reduced rate of 5% rather than the full rate. Our advisors can explain its practical impact on your acquisition budget in detail.

Only two-bedroom apartments remain available, spread across several buildings on the site. These are high-end apartments offering generous living spaces, terraces ranging from 6 to 13 m², and an EPC rating between B+ and A. All are located on the Tour & Taxis site in Brussels.

The Park Lane neighbourhood offers a living environment where shops, restaurants, entertainment venues and services are all within walking distance. Green spaces play a major role, with the Tour & Taxis Park and the residence’s inner gardens nearby. The site is almost entirely pedestrianised, providing a peaceful setting while remaining well connected to Brussels city centre.

Yes. As the new-build apartments in the Park Lane project have already been completed and delivered, they can be visited. Our specialists will help you identify the property that best matches your plans. To arrange a visit, please call us on +32 2 318 18 08.

The Tour & Taxis neighbourhood is attracting growing rental demand thanks to its setting, its green environment and its direct connection to Brussels city centre. New-build apartments with park views and high energy performance (EPC B+ to A) make it possible to target higher-income tenants. Gross yield is calculated by dividing the annual rent by the purchase price. To determine the net yield, deduct property tax, condominium charges and vacancy periods.

No, this is not possible: the apartments are completed and have already been delivered with their finishes. The advantage is that, as the property is already completed, you can visit the whole apartment before buying and know exactly what you are purchasing, without having to wait for the end of the construction works.