Driven by its ongoing transformation, Namur is a city with a thriving property market. For several years now, ambitious projects have been launched to revitalise certain neighbourhoods. The city centre and surrounding areas (Saint-Servais, Belgrade, Jambes), in particular, are undergoing major transformation, with the construction of the Palace of Justice and a public library, as well as the addition of around 130 new apartments right in the heart of the city through the redevelopment of a former military barracks.
Property projects are multiplying in Namur, making this an ideal time to invest. With more than 145 years of expertise in real estate, OP decided to establish a local agency in Namur to provide information and support to all its clients with property management and co-ownership management.According to Nicolas Drabbe, Head of OP agencies in Wallonia, the Namur agency is “a local agency focused on building a relationship of trust with its clients. As a small-scale structure, the agency aims to offer its investors an intelligent digital interface, ‘my syndic’, where they can access all the information they need about their co-ownership.”
This digitalisation offers numerous advantages: more efficient and faster processes, allowing property managers to focus on getting to know the buildings and their clients. Nicolas Drabbe firmly believes that “the key to a successful property project lies in a lasting human relationship based on dialogue and exchange.”
As a leader in co-ownership and property management in the Namur market, the Namur agency aims to strengthen this position and provide its clients with comprehensive and professional property management services.
Nicolas Drabbe explains that “Namur is a city where investing is attractive for several reasons.” First of all, “Namur is a city that is generally not affected by the country’s economic climate, as it does not rely on an industrial economy.” Instead, it is primarily focused on business services and supported by the public and semi-public sectors.
The jobs created in the city are therefore less sensitive to economic fluctuations, making Namur a stable and consistent investment market, with limited exposure to property depreciation. In addition, the creation of new apartments will help transform the perception of housing from a transitional asset into a genuine place to live.
People in Namur are indeed aware that their city has been evolving for several years as a result of numerous public urban revitalisation projects, and that they too will evolve with it.
Our advice for investing in Namur? Consider investing in rental houses.
The current economic climate is making access to credit more difficult for many families, who are therefore looking to rent a house with a garden. Demand in this segment is currently higher than supply, and there is a simple reason for this.
Once an apartment has been purchased, an owner only has to manage the private areas, as the rest is largely handled by the co-ownership manager. This is not the case with a house. That is why OP also offers comprehensive property management services for this type of property, allowing you to invest with complete peace of mind.
The Petite Couronne area around Namur (Erpent, Bouge, Profondeville) is an ideal location for this type of investment. Currently experiencing significant property development, this residential area offers the feeling of living in the countryside while being just 10 minutes from the city centre, making it an attractive niche for house rentals.
Convinced? Simply get in touch with us to discuss your plans. We will be delighted to help.
17 October 2024
The federal government has approved a new law introducing a social tariff premium for collective installations. This measure, which came into force on Thursday 1 August 2024, is designed to ease the energy costs of residents living in buildings with communal heating systems.
Read more
24 July 2023
Far from the rather outdated image of the concierge as a woman sitting alone in her little room, the concierge has an important role in a property with multiple co-owners. What exactly is the role of a concierge? What do they have to do? OP takes a wide-ranging look at this role, which is often misunderstood but is nevertheless essential to ensure the well-being of every occupant.
Read more