How much does property cost in Chimay in 2025?
Here are the current median prices in Chimay:
- House: EUR 258,233
- Apartment: EUR 136,460
- Villa: EUR 235,645
- Land: EUR 38,836
- Price per sqm: EUR 1,845
Visit property prices in Chimay for detailed data.
Steps to buying in Chimay
1. Define your total budget
Add to the purchase price:
- Registration fees: 12.5% in Wallonia
- Notary fees: approximately 2-3%
- Bank application fees: EUR 300-500
Estimate costs with our notary fees calculator and simulate payments with the mortgage simulator.
2. Obtain a bank agreement
Banks typically require a 10-20% down payment.
3. Choose the right location
Compare Chimay with neighboring municipalities:
- Les Bons Villers — House: EUR 189,434
- Erquelinnes — House: EUR 271,879
- Montigny-le-Tilleul — House: EUR 205,588
- Le Roeulx — House: EUR 192,706
- Estaimpuis — House: EUR 153,602
4. Sign the compromise
The compromise de vente is legally binding. Include a credit suspensive clause.
5. The notarial deed
The authentic deed is signed within 4 months of the compromise.
EPC: an essential criterion
In Chimay, 6.0% of homes are rated A or B, while 42.5% are rated F or G. Assess costs on EPC in Chimay.
Typical first-time buyer budget
For a house at the median price:
- Purchase price: EUR 258,233
- Registration fees: ~EUR 32,279 (12.5%)
- Notary fees: ~EUR 6,456
- Total budget: ~EUR 296,968
- Recommended deposit: ~EUR 38,735 (15%)
Buying advice for Wallonia
In Wallonia, registration fees of 12.5% are higher but the significantly lower purchase prices often compensate. The region offers attractive energy renovation subsidies, an advantage for buyers targeting renovation properties. The Walloon market provides more living space for an equivalent budget. Enquire about the tax abatement for first-time purchases of modest homes.
Price trends
The demographic trend in Chimay (-1.2% over 5 years) may moderate price growth. Track the evolution on our property prices in Chimay page.
Financing your purchase
Financing a property in Chimay requires thorough preparation. Belgian banks typically require a down payment of 10-20% of the purchase price, plus additional costs (registration fees of 12.5% and notary fees). For a house at the median price of EUR 258,233 with a 15% deposit, the estimated monthly repayment is approximately EUR 1,099 over 25 years (indicative rate of 3.5%). Simulate your mortgage on our mortgage simulator.
Is now a good time to buy in Chimay?
Chimay has an overall score of 54/100.
Can you negotiate prices?
A 5-10% negotiation margin is common, especially for properties with poor EPC ratings.
What deposit do you need to buy in Chimay?
Plan for at least 10% of the purchase price as a deposit, plus acquisition costs (12.5% registration fees and ~2-3% notary fees). A 20% deposit will give you access to the best bank rates.
What support exists for first-time buyers in Wallonia?
Wallonia offers a housing cheque and renovation subsidies. Consult the Walloon Region website for details.