Résidence Saint Feuillien
New-build property in Fleurus

No, the reduced 6% VAT rate is subject to certain conditions. The property must in particular be intended as your primary residence, comply with a maximum surface area, and be part of a demolition-reconstruction project. For rental investments, the 6% rate may also apply, subject to certain conditions related to renting out the property. As the Saint Feuillien Residence is a demolition-reconstruction project, the new apartments may qualify for the reduced 6% VAT rate, subject to meeting the eligibility conditions. To find out whether your situation qualifies, please ask your We Invest new-build advisor.

The project offers 37 new apartments, comprising 3 studios, 9 one-bedroom apartments, 21 two-bedroom apartments and 4 three-bedroom apartments, including one penthouse. Each unit has an EPC A rating, quality finishes and a private terrace or balcony.

Under the Breyne law (buying off-plan), you purchase your property before or during its construction. This option generally allows you to customize certain elements, such as finishes or fittings, but requires waiting for the property to be delivered. Conversely, an already completed property is available immediately. Your choice will therefore mainly depend on when you want to move in and the level of customization you are looking for.

In addition to the purchase price of the property, several additional costs must be taken into account:

• VAT, which can range from 6% to 21% depending on the tax regime applicable to the project, and which applies instead of registration fees;
• Notary fees;
• Costs related to the mortgage loan;
• Connection fees as well as fees for drafting the base deed. For a complete estimate of these various costs, please ask your new-build advisor, who can prepare a full summary for you free of charge.

The Breyne law provides several guarantees and mechanisms designed to protect the buyer of a property under construction. It notably guarantees the buyer will receive a completed property through the completion guarantee, as well as a property free of defects through the guarantee against hidden defects and the ten-year guarantee, which also extends to the seller or developer.

Investing in a new-build project can offer a gross yield of between 3% and 6%, depending on the unit chosen and its configuration. However, it is important to distinguish between gross yield and net yield. Gross yield does not take into account the various costs, while net yield includes costs related to owning and managing the property (property tax, co-ownership charges, insurance, maintenance, etc.), as well as costs related to its acquisition (notary fees, VAT, banking fees, etc.).