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A comment on London: the city that ate itself. Parent comment

Re:London: the city that ate itself by ars on Tuesday June 30, 2015 @02:53AM (#9803410)
> I dare you to find me real estate with a 10% gross yield in Belgium for example...

Does Belgium have no property tax? That's the only way such low rents could work.

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Re:London: the city that ate itself by markvdb on Tuesday June 30, 2015 @08:06AM (#9804570)
Taxation is very low compared to other taxation in Belgium: http://www.globalpropertyguide.com/Europe/Belgium/Tax-Pages

Round trip transaction cost is sky high though. My experience is that the 21.10% estimated here is a gross underestimate: http://www.globalpropertyguide.com/Europe/Belgium/roundtrip-...

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