Why invest in property in Chimay?
Chimay, a municipality in Hainaut in Wallonia, deserves thorough analysis for investors. With an investment score of 46/100 and 47 transactions over the past 12 months, the local market offers specific opportunities.
The median house price is EUR 258,233 and the median apartment price is EUR 136,460. See price trends on property prices in Chimay.
Investment taxation
Registration fees in Wallonia amount to 12.5% of the purchase price. Net yield must account for:
- Registration fees (12.5%)
- Notary fees (~2-3%)
- Annual property tax
- Municipal tax pressure: 19.0%
Use our notary fees calculator and rental yield calculator.
Investment profile of Chimay
- Overall score: 54/100
- Investment score: 46/100
- Population growth (5 years): -1.2%
- Median income: EUR 25,848
- Active businesses: 965
The energy challenge: an opportunity?
With 42.5% of homes rated F or G, purchasing and renovating a poorly rated property can generate significant capital appreciation. Visit EPC in Chimay.
Market dynamics
Transaction volume is a key indicator of market liquidity. In Chimay, 47 transactions were recorded over the past 12 months. A more modest volume may mean longer resale timelines, but also less competition when buying. Population change of -1.2% over 5 years should be factored into your projections. Use our renovation cost estimator to evaluate value-add opportunities.
Rental market potential
The rental potential of Chimay depends on its demographic composition. The 18-34 age group represents 19.9 % of the population. The foreign population represents 4.4 % of residents.
Risk assessment
Every investment carries risks that should be carefully evaluated. Registration fees of 12.5% in Wallonia represent a significant upfront cost. Diversify your portfolio and consult a professional before any major investment.
Comparison with neighboring municipalities
- Les Bons Villers — House: EUR 189,434, Investment score: 57/100
- Erquelinnes — House: EUR 271,879, Investment score: 44/100
- Montigny-le-Tilleul — House: EUR 205,588, Investment score: 57/100
- Le Roeulx — House: EUR 192,706, Investment score: 48/100
- Estaimpuis — House: EUR 153,602, Investment score: 56/100
What rental yield can you expect in Chimay?
Yields depend on property type and EPC status. Use our yield calculator for a personalised estimate.
What are the acquisition costs in Chimay?
Expect 12.5% registration fees plus 2-3% in notary fees.
Is the Chimay market dynamic?
With 47 transactions over 12 months, the market remains modest in size.
Should you renovate before renting in Chimay?
Energy renovation improves the EPC rating and the property's value. Wallonia offers attractive renovation subsidies. Estimate costs with our renovation cost estimator.