Résidence du Bocq
New-build property in Yvoir

Yes, this is the general rule. However, there are tax arrangements that can help reduce the purchase costs of a new-build property. Some developers offer tax optimisation solutions, such as splitting the value of the land and the building or using specific ownership structures. At Résidence du Bocq, you may benefit from a reduced VAT rate of 6%, subject to certain conditions.

As Résidence du Bocq is part of a demolition and reconstruction project, some buyers may benefit from a reduced VAT rate of 6% instead of 21%, provided they meet the conditions set by Belgian legislation.

To qualify for the 6% VAT rate, the following conditions apply:

• Sole and primary home: At the time of purchase, the buyer cannot own another residential property, even in bare ownership.
• Primary residence: The property must become the buyer's main and only residence, and they must register their official address there as soon as possible.
• Minimum occupancy period: The buyer must live in the property for at least 5 years. Otherwise, the tax benefit may have to be repaid on a pro rata basis.
• For investors: The 6% VAT rate is also available if the property is rented out for at least 15 years, either on the private rental market or through a Social Rental Agency (AIS).

Buying a new-build apartment in Yvoir offers many advantages:

• Lower energy costs: Thanks to the EPC rating of A-A+ and high-performance features such as an individual heat pump, underfloor heating, private photovoltaic solar panels and a double-flow ventilation system.
• Move-in ready: No renovation work is needed. You can move in immediately.
• Tax advantages: A reduced VAT rate of 6% may apply, subject to conditions (demolition and reconstruction project), depending on your situation.
• Excellent location: In the heart of Yvoir, along the Meuse, with water views.

The price of a new-build property is based on precise calculations, directly linked to construction costs, labour costs and the value of the land. This is why prices for new-build properties are generally not, or only slightly, negotiable. However, you can always ask your real estate agent whether the developer is willing to offer a commercial gesture. After all, it never hurts to ask!

In addition to the purchase price, you should also take the following costs into account:

• VAT (21%, or 6% if you meet the conditions)
• Notary fees
• Mortgage fees
• Utility connection fees
• Costs for drawing up the deed of co-ownership

Résidence du Bocq is a small-scale development comprising 13 units: ten apartments and three penthouses. In total, the development includes ten 2-bedroom units and three 3-bedroom units. All feature a balcony or terrace overlooking the water, as well as high-end finishes.