BRUSSELS, BELGIUM
Belgium’s luxury real estate sector is predicted to fare better than the rest of its market in 2025. On a global scale, the country’s financial markets are showing signs of stabilization, particularly following the U.S. presidential election, which has brought a degree of economic predictability. “This steadiness is expected to bolster investor confidence, benefiting Belgium’s luxury real estate market, especially in high-demand areas like Brussels where international appeal remains high,” says Bart Van Delm, managing director at Christie’s Real Estate Belgium. Lending conditions are predicted to improve, with the European Central Bank expected to further lower interest rates. Buyers may benefit from more attractive credit terms as well, enhancing purchasing power and subsequently driving home sales.
MALTA
Malta’s luxury real estate market is poised for a robust 2025, with the country’s Citizenship by Investment and Permanent Residency programs looming large as other EU countries scale back programs aimed at attracting foreign buyers. The island nation holds strong appeal for non-Europeans looking to establish residency in the EU, as well as Europeans seeking more favorable tax regimes. Malta targets foreign buyers with several benefits, including the ability to purchase property in Special Designated Areas granting the same ownership rights as Maltese citizens; low corporate taxes; booming financial, tech and gaming sectors; and an ideal Mediterranean climate. For these reasons and others, the country is seeing heightened activity among buyers from the U.S., U.K., Switzerland, Belgium and China, according to Miguel Bonello of Oyster Christie’s International Real Estate. Tourism is also booming, with the country welcoming nearly 20% more visitors in 2024 compared to the year before. “This sector’s rapid growth presents lucrative opportunities for real estate investment, particularly in the short-term rental market - another draw for foreign investors,” says Bonello. Malta also reflects a number of themes prevalent in this year’s Luxury Forecast, including wellness, sustainability, security and heritage architecture. “Malta’s blend of modern and historical architecture offers buyers homes with a distinct story,“ says Bonello. “Properties with award-winning designs, heritage status, or those located in culturally significant neighborhoods are viewed as unique investments, aligning with the growing desire for luxury that is both exclusive and meaningful.” “Looking ahead, we expect interest from international markets to continue growing, driven by global economic factors, changes in residency and citizenship laws, and the increasing trend of remote work,” he adds.
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