For this latest acquisition, BuyerSide assisted an expat couple who were looking for a building suitable for letting in Brussels. They wanted to buy a patrimonial property with a view to generating income and diversifying their assets.
Smooth search
Buying property as an expat in a country that is not your own is no easy matter, particularly when it is your first investment. This is why our clients wanted to call on the services of BuyerSide, so as to be sure of investing in a profitable property with high potential and to benefit from assistance with all the administrative procedures involved.
We started to look for a property that corresponded to the criteria laid down by the clients while remaining within their budget. Thanks to our wide network and more specifically our good contact with the Allten agency, BuyerSide quite quickly identified a building in Schaerbeek, comprising three serviced flats and an apartment. The location was perfect for our clients, as they also live in the area.
Successful collaboration with the real estate agency and the seller
During the first visit, we realised immediately that this was an attractive opportunity. Thanks to good collaboration with the agency selling the property and the transparency demonstrated by the seller, we were soon able to prepare a detailed analysis of the building.
Our analysis confirmed that with a slight financial effort on the part of the seller, this was indeed an attractive investment. Following a pleasant, justified negotiation, the parties reached an agreement on a reasonable purchase price giving the buyers a return of approximately 4.5%.
In addition, having bought the building, the clients decided to call upon the services of OwnerSide for the rental management. A great success for our team!