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



Mawani Reports 2.01% Increase in Container Throughput for January 2026

Mawani Reports 2.01% Increase in Container Throughput for January 2026
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Mawani Reports 2.01% Increase in Container Throughput for January 2026

Mawani Reports 2.01% Increase in Container Throughput for January 2026

Ports overseen by the Saudi Ports Authority (Mawani) reported a 2.01% increase in container handling for January 2026, totaling 738,111 TEUs, up from 723,571 TEUs in January 2025. Transshipment containers rose significantly by 22.44%, reaching 184,019 TEUs compared to 150,295 TEUs the previous year.

However, the number of imported containers decreased by 3.23% to 284,375 TEUs, and exported containers dropped by 3.47% to 269,717 TEUs year-over-year, SPA reported.

Passenger numbers surged by 42.27%, totaling 143,566 passengers compared to 100,909 last year. Vehicle volumes increased by 3.31% to 109,097, and the ports received 886,908 heads of livestock, a 49.86% increase from the same period in 2025.

In terms of cargo tonnage, liquid bulk cargo rose by 0.28% to 14,102,495 tons, general cargo totaled 839,987 tons, and solid bulk cargo reached 4,263,168 tons. The total tonnage handled was 19,205,650 tons, reflecting a 3.04% decrease from the previous year. Vessel traffic recorded 1,121 ships, a slight decrease of 1.75%.

This increase in container throughput supports trade, stimulates the maritime transport industry, and enhances supply chains and food security. These achievements align with the National Transport and Logistics Strategy, reinforcing Saudi Arabia's position as a global logistics hub.

In 2025, Mawani ports achieved a 10.58% increase in total handled containers, reaching 8,317,235 TEUs, while transshipment containers for the year rose by 11.78% to 1,927,348 TEUs.


Oil Prices Edge Lower as IEA Reduces Demand Forecast

Oil platforms and pumpjacks at Lake Maracaibo, in Cabimas, Venezuela, January 26, 2026. REUTERS/Leonardo Fernandez Viloria/File Photo
Oil platforms and pumpjacks at Lake Maracaibo, in Cabimas, Venezuela, January 26, 2026. REUTERS/Leonardo Fernandez Viloria/File Photo
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Oil Prices Edge Lower as IEA Reduces Demand Forecast

Oil platforms and pumpjacks at Lake Maracaibo, in Cabimas, Venezuela, January 26, 2026. REUTERS/Leonardo Fernandez Viloria/File Photo
Oil platforms and pumpjacks at Lake Maracaibo, in Cabimas, Venezuela, January 26, 2026. REUTERS/Leonardo Fernandez Viloria/File Photo

Oil prices slipped on Thursday as investors weighed the International Energy Agency's lowering of its global oil demand forecast for 2026 against potential escalation of US-Iran tensions.

Brent crude oil futures were down 19 cents, or 0.27%, at $69.21 a barrel by 1232 GMT. US West Texas Intermediate crude fell 8 cents, or 0.12%, to $64.55.

Global oil demand will rise more slowly than previously expected this year, the IEA said on Thursday while projecting a sizeable surplus despite outages that cut supply in January.

The Brent and WTI benchmarks reversed gains to turn negative after the IEA's monthly report, having derived support earlier from concerns over the US-Iran backdrop.

US President Donald Trump said after talks with Israeli Prime Minister Benjamin Netanyahu on Wednesday that they had yet to reach a definitive agreement on how to move forward with Iran but that negotiations with Tehran would continue.

Trump had said on Tuesday that he was considering sending a second aircraft carrier to the Middle East if a deal is not reached with Iran. The date and venue of the next round of talks have yet to be announced.

A hefty build in US crude inventories had capped the early price gains. US crude inventories rose by 8.5 million barrels to 428.8 million barrels last week, the Energy Information Administration said, far exceeding the 793,000 increase expected by analysts in a Reuters poll.

US refinery utilization rates dropped by 1.1 percentage points in the week to 89.4%, EIA data showed.

On the supply side, Russia's seaborne oil products exports in January rose by 0.7% from December to 9.12 million metric tons on high fuel output and a seasonal drop in domestic demand, data from industry sources and Reuters calculations showed.


Saudi Aramco Reportedly Sells Oil from Jafurah Field as Huge Project Starts

Saudi Aramco's Jafurah project. Photo: Aramco
Saudi Aramco's Jafurah project. Photo: Aramco
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Saudi Aramco Reportedly Sells Oil from Jafurah Field as Huge Project Starts

Saudi Aramco's Jafurah project. Photo: Aramco
Saudi Aramco's Jafurah project. Photo: Aramco

Saudi Aramco sold oil from its $100 billion Jafurah project in the first reported export from the massive natural gas development, Bloomberg reported.

Jafurah is Aramco’s first unconventional field, developed using the type of hydraulic fracturing, or fracking, techniques pioneered in the US shale patch.

The deposit, which Chief Executive Officer Amin Nasser calls the company’s crown jewel, will produce massive amounts of natural gas once at capacity, expected in 2030. It also has plentiful volume of liquid fuels that will boost the company’s returns, Nasser has said.

The oil that Aramco sold is condensate, a light oil liquid that’s often found in gas deposits, according to traders with knowledge of the purchases. It will go to buyers in Asia for loading later this month or in early March, Bloomberg quoted the traders as saying.