House Hunting in … Belgium

Andy Haslam for The New York Times
Andy Haslam for The New York Times
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House Hunting in … Belgium

Andy Haslam for The New York Times
Andy Haslam for The New York Times

This three-story house with a red-tile roof is in the Zoute neighborhood of Knokke-Heist, a West Flanders municipality near the border of Holland. Like most of the homes in this tony section of the North Sea resort, it has a white-painted brick facade. Wide sandy beaches, restaurants and shops are a quick walk away.

Greenery-filled window boxes, gray shutters with bird-shaped cutouts and Juliette balconies embellish the exterior of the house, which has six bedrooms and three and a half baths and was built in 2008 on a quarter-acre lot on a private, tree-lined lane. A gray brick path leads past a rose garden to a portico shading the front door of this 3,563-square-foot residence, said Maxime Van Bockrijck, a sales agent with Cambier-De Nil, which has the listing.

The foyer, which has a powder room and a central quarter-turn staircase, leads to the living and dining rooms, which have wood floors, walls of windows and doors opening to south-facing patios and the garden. There is a fireplace in the living room.

Wood planks cover many of the interior walls “in typical seashore style,” said Stéphanie Cambier, an owner at Cambier-De Nil.

The kitchen has a gray tile floor, a center island with a natural stone slab countertop, gas cooktop, grill, breakfast bar, white lacquered wood cabinets and stainless steel appliances. A mudroom and hallway link the kitchen with a two-car attached garage.

The master bedroom is on the second level, with two balconies, a closet and dressing room and an en-suite bath with a double vanity, a tub and a separate shower. Three other bedrooms, one with a loft and each with a Juliette balcony, share a bath.

On the third level, two bedrooms with sloped walls and dormer windows share a bathroom that has a tub with a stone surround, a double vanity with a stone counter and a separate shower and private toilet.

In the basement is a lap pool with a swim current, a shower and a toilet, and a storage area. There are laundry rooms on the first and second levels.

Families pedal surreys and children ride go-karts on Knokke’s “digue,” a seven-and-a-half-mile esplanade lined with cafes, bars and galleries that winds through the neighborhoods of Duinbergen, Heist, Albertstrand and Zoute. Knokke has about 200 restaurants, a handful of which have Michelin stars. A third of a mile from the house, one block from the beach, is the high-end Kustlaan shopping street, which counts Hermès and Diane von Furstenberg among its designer boutiques.

Knokke, where the population swells from 30,000 in winter to 250,000 on summer weekends, is an hour’s drive or train ride from Antwerp, an hour-and-a-half from Brussels and 20 minutes from the more touristy town of Bruges.

MARKET OVERVIEW

Sales are vibrant in Knokke, the most expensive resort town on the Flemish coast and one of the priciest areas in Belgium. Zoute is “the most exclusive and expensive part of Knokke,” Mr. Van Bockrijck said.

“The market is very strong,” said Stefaan Geerebaert, the manager of Immo Brown Knokke Zoute real estate agency, adding that Knokke has seen a sales volume increase of more than 15 percent over last year.

There were 180 houses and 500 apartments on the market in Knokke as of Nov. 7, according to the real estate site immovlan.be. In the walkable “golden triangle” area of Zoute, spacious two- and three-bedroom apartments start at 1.5 million euros (or about $1.7 million), Ms. Cambier said, and villas run from 2 million to about 4 or 5 million euros (or from about $2.3 million to $5.8 million).

According to Statistics Belgium, a government office, the mean price for a villa or bungalow in Knokke was 1,216,764 euros (or about $1.4 million) in 2016, compared to 349,827 euros (or about $406,000) for all of Belgium. Apartments were also pricier in Knokke, with a mean of 496,075 euros (about $576,000), compared to 221,401 euros (about $257,000) for Belgium overall.

Following the 2008 global economic downturn, “the market was frozen for a couple of months” at the end of 2009 and the beginning of 2010, Ms. Cambier said. “Sellers didn’t want to sell, and buyers didn’t want to pay the price.”

Apartments with ocean views dipped 10 percent in price and big villas went down 15 to 20 percent, she said, while transactions remained difficult for two years.

For the last four years, however, prices have been “going up,” Ms. Cambier said, and the past year saw a record number of sales on the coast, with most close to the asking price — or, as Ms. Cambier put it, the selling discount was “not more than three percent in 70 percent of the deals.”

WHO BUYS IN KNOKKE

Belgians make up the largest number of buyers, but the area is seeing an increasing number of buyers from France, Luxembourg, Holland and Germany as well, said An Willemyns, a manager and broker at Dirk Willemyns, a real estate agency. Families who buy in Knokke have often previously vacationed or rented there, she said.

BUYING BASICS

There are no restrictions on foreign buyers. Buyers and sellers must both be represented by a notary whose fees depend on the purchase price; on a 3 million euro house, the buyer’s fee would run about 6,000 euros, or about $7,000. There is also a 10 percent registration tax, Mr. Geerebaert said.

A 21 percent value-added tax is charged on properties less than two years old.

Belgian law requires that an energy certificate stating the property’s energy consumption level be delivered to the buyer.

TAXES AND FEES

Annual property taxes on this house are about 2,580 euros (or $3,000) a year, Mr. Van Bockrijck said. Houses used as a second residence have an additional “holiday house” tax of 700 to 750 euros a year, or about $810 to $870, Ms. Willemyns said.

LANGUAGES AND CURRENCIES

Dutch, French, English; euro (1 euro = $1.16)

The New York Times



Dammam Airport Launches Saudi Arabia’s First Category III Automatic Landing System  

Prince Saud bin Naif bin Abdulaziz, Governor of the Eastern Region, inaugurates the General Aviation Terminal and the upgraded automatic landing system at King Fahd International Airport in Dammam. (SPA)
Prince Saud bin Naif bin Abdulaziz, Governor of the Eastern Region, inaugurates the General Aviation Terminal and the upgraded automatic landing system at King Fahd International Airport in Dammam. (SPA)
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Dammam Airport Launches Saudi Arabia’s First Category III Automatic Landing System  

Prince Saud bin Naif bin Abdulaziz, Governor of the Eastern Region, inaugurates the General Aviation Terminal and the upgraded automatic landing system at King Fahd International Airport in Dammam. (SPA)
Prince Saud bin Naif bin Abdulaziz, Governor of the Eastern Region, inaugurates the General Aviation Terminal and the upgraded automatic landing system at King Fahd International Airport in Dammam. (SPA)

Prince Saud bin Naif bin Abdulaziz, Governor of Saudi Arabia’s Eastern Region, inaugurated on Monday two major aviation projects at King Fahd International Airport in Dammam: a dedicated General Aviation Terminal for private flights and the Kingdom’s first Category III Instrument Landing System (ILS), which enables fully automatic aircraft landings in low-visibility conditions.

The ceremony was attended by Minister of Transport and Logistics Services and Chairman of the General Authority of Civil Aviation (GACA) Saleh bin Nasser Al-Jasser and President of GACA and Chairman of the Saudi Airports Holding Company Abdulaziz bin Abdullah Al-Duailej.

Prince Saud said the projects represent a qualitative leap in strengthening the aviation ecosystem in the Eastern Region, boosting the airport’s operational readiness and its regional and international competitiveness.

The introduction of a Category III automatic landing system for the first time in Saudi Arabia reflects the advanced technological progress achieved by the national aviation sector and its commitment to the highest international standards, he stressed.

The General Aviation Terminal marks a significant upgrade to airport infrastructure. Spanning more than 23,000 square meters, the facility is designed to ensure efficient operations and fast passenger processing.

The main terminal covers 3,935 square meters, while aircraft parking areas extend over 12,415 square meters with capacity to accommodate four aircraft simultaneously. An additional 6,665 square meters are allocated to support services and car parking, improving traffic flow and delivering a premium travel experience for private aviation users.

The upgraded Category III ILS, considered among the world’s most advanced air navigation systems, allows aircraft to land automatically during poor visibility, ensuring flight continuity while enhancing safety and operational efficiency.

The project includes rehabilitation of the western runway, extending 4,000 meters, along with a further 4,000 meters of aircraft service roads. More than 3,200 lighting units have been installed under an integrated advanced system to meet modern operational requirements and support all aircraft types.

Al-Jasser said the inauguration of the two projects translates the objectives of the Aviation Program under the National Transport and Logistics Strategy into concrete achievements.

The developments bolster airport capacity and efficiency, support the sustainability of the aviation sector, and strengthen the competitiveness of Saudi airports, he added.

Al-Duailej, for his part, said the initiatives align with Saudi Vision 2030 by positioning the Kingdom as a global logistics hub and a leading aviation center in the Middle East.

The new terminal reflects high standards of privacy and efficiency for general aviation users, he remarked, noting the selection of Universal Aviation as operator of the general aviation terminals in Dammam and Jeddah.

Dammam Airports Company operates three airports in the Eastern Region: King Fahd International Airport, Al-Ahsa International Airport, and Qaisumah International Airport.


Saudi Arabia to Launch Real Estate Indicators, Expand ‘Market Balance’ Program Nationwide

The Minister of Municipalities and Housing addresses attendees during the government press conference (Asharq Al-Awsat). 
The Minister of Municipalities and Housing addresses attendees during the government press conference (Asharq Al-Awsat). 
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Saudi Arabia to Launch Real Estate Indicators, Expand ‘Market Balance’ Program Nationwide

The Minister of Municipalities and Housing addresses attendees during the government press conference (Asharq Al-Awsat). 
The Minister of Municipalities and Housing addresses attendees during the government press conference (Asharq Al-Awsat). 

Saudi Arabia will roll out real estate market indicators in the first quarter of this year and expand the Real Estate Market Balance program to all regions of the Kingdom, following its initial implementation in Riyadh, Minister of Municipalities and Housing Majed Al-Hogail announced on Monday.

Al-Hogail, who also chairs the General Real Estate Authority, made the remarks during a government press conference in Riyadh attended by Minister of Media Salman Al-Dossary, President of the Saudi Data and Artificial Intelligence Authority (SDAIA) Abdullah Alghamdi, and other senior officials.

Al-Hogail said the housing and social ecosystem now includes more than 313 non-profit organizations supported by over 345,000 volunteers working alongside the public and private sectors.

He highlighted tangible outcomes, including housing assistance for 106,000 social security beneficiaries and the prevention of housing loss in 200,000 cases.

Development Initiatives

He noted that the non-profit sector is driving impact through more than 300 development initiatives and over 1,000 services, while empowering 100 non-profit entities and activating supervisory units across 17 municipalities.

Among key programs, Al-Hogail highlighted the Rental Support Program, which assisted more than 6,600 families last year, expanding the reach of housing aid.

He also traced the growth of the “Jood Eskan” initiative, which began by supporting 100 families and has since evolved into a nationwide program that has provided homes to more than 50,000 families across the Kingdom.

Since its launch, the initiative has attracted more than 4.5 million donors, with total contributions exceeding SAR 5 billion ($1.3 billion) since 2021.

Al-Hogail added that the introduction of electronic signatures has reduced the homeownership process from 14 days to just two.

In 2025 alone, more than 150,000 digital transactions were completed, and the needs of over 400,000 beneficiary families were assessed through integrated national databases. A mobile application for “Jood Eskan” is currently being deployed to further streamline services.

International Support and Economic Growth

Minister of Media Salman Al-Dossary said the Saudi Program for the Development and Reconstruction of Yemen launched 28 new development projects and initiatives worth SAR 1.9 billion ($506.6 million), including fuel grants for power generation and support for health, energy, education, and transport sectors across Yemeni governorates.

He also reported strong growth in the communications and information technology sector, which created more than 406,000 jobs by the end of 2025, up from 250,000 in 2018, an 80 percent cumulative increase. The sector’s market size reached nearly SAR 190 billion ($50.6 billion) in 2025.

Industry, Localization, and Philanthropy

In the industrial sector, investments exceeded SAR 9 billion ($2.4 billion), alongside five new renewable energy projects signed under the sixth phase of the National Renewable Energy Program.

Industrial and logistics investments worth more than SAR 8.8 billion ($2.34 billion) were also signed by the Saudi Authority for Industrial Cities and Technology Zones.

Al-Dossary said the Kingdom now hosts nearly 30,000 operating industrial facilities with total investments of about SAR 1.2 trillion ($320 billion), while the Saudi Export-Import Bank has provided SAR 115 billion ($30.6 billion) in credit facilities since its establishment.

On workforce development, nearly 100,000 social security beneficiaries were empowered through employment, training, and productive projects by late 2025, with localization rates in several specialized professions reaching as high as 70 percent.

Alghamdi said total donations through the “Ehsan” platform have reached SAR 14 billion ($3.7 billion) across 330 million transactions, reflecting the rapid growth of digital philanthropy in the Kingdom.


China's Russian Oil Imports to Hit New Record in February as India Cuts Back

Oil tankers are seen at a terminal of Sinopec Yaogang oil depot in Nantong, Jiangsu province, China (Reuters) 
Oil tankers are seen at a terminal of Sinopec Yaogang oil depot in Nantong, Jiangsu province, China (Reuters) 
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China's Russian Oil Imports to Hit New Record in February as India Cuts Back

Oil tankers are seen at a terminal of Sinopec Yaogang oil depot in Nantong, Jiangsu province, China (Reuters) 
Oil tankers are seen at a terminal of Sinopec Yaogang oil depot in Nantong, Jiangsu province, China (Reuters) 

China's Russian oil imports are set to climb for a third straight month to a new record high in February as independent refiners snapped up deeply discounted cargoes after India slashed purchases, according to traders and ship-tracking data.

Russian crude shipments are estimated to amount to 2.07 million barrels per day for February deliveries into China, surpassing January's estimated rate of 1.7 million bpd, an early assessment by Vortexa Analytics shows.

Kpler's provisional data showed February imports at 2.083 million bpd, up from 1.718 million bpd in January, according to Reuters.

China has since November replaced India as Moscow's top client for seaborne shipments as Western sanctions over the war in Ukraine and pressure to clinch a trade deal with the US forced New Delhi to scale back Russian oil imports to a two-year low in December.

India's Russian crude imports are estimated to fall further to 1.159 million bpd in February, Kpler data showed.

Independent Chinese refiners, known as teapots, are the world's largest consumers of US sanctioned oil from Russia, Iran and Venezuela.

“For the quality you get from processing Russian oil versus Iranian, Russian supplies have become relatively more competitive,” said a senior Chinese trader who regularly deals with teapots.

ESPO blend last traded at $8 to $9 a barrel discounts to ICE Brent for March deliveries, while Iranian Light, a grade of similar quality, was last assessed at $10 to $11 below ICE Brent, the trader added.

Uncertainty since January over whether the US would launch military strikes on Iran if negotiations for a nuclear deal failed to yield Washington's desired results curbed buying from Chinese teapots and traders, said Emma Li, Vortexa's China analyst.

“For teapots, Russian oil looks more reliable now as people are worried about loadings of Iranian oil in case of a military confrontation,” Li said.

Part of the elevated Russian oil purchases came from larger independent refiners outside the teapot hub of Shandong, Li added.

Vortexa estimated Iranian oil deliveries into China – often banded by traders as Malaysian to circumvent US sanctions - eased to 1.03 million bpd this month, down from January's 1.25 million bpd.