A historic 900 m2 mansion for sale for just 10 euros in Belgium

A historic 900 m2 mansion for sale for just 10 euros in Belgium
A historic 900 m2 mansion for sale for just 10 euros in Belgium

Who said that the real estate crisis was hitting Belgium? According to the notaries’ barometer, house prices fell by 0.3% in nominal terms in the first half of 2023. This is the first time that house prices have fallen in more than 10 years. Yes, but from there to being almost free, there is a step. However, that is more or less what is happening in the Namur region with an exceptional property displayed at a ridiculous price. 10 euros. This is indeed the price to pay to hope one day to be able to settle down in this historic residence located in Godinne, on the banks of the Meuse.

In Brussels, we take you behind the scenes of the Astoria hotel, the first 5-star palace:

Whether or not you are looking for a property, this is the kind of offer that you are bound to stop at: according to Statbel, the Belgian median price of a house is 239,886 euros in Wallonia and 545,210 euros in Brussels. Prices that make the dream of one day purchasing your own home almost impossible, especially when you know that prices continue to increase. So, obviously, when we find an ad where you simply have to pay 10 euros, you have a little difficulty positioning yourself. On the one hand, there are the skeptics who think it’s a big scam, on the other, there are those who go for it because after all, why not?

The house in question is known as the Richmond Estate. Built in 1710, it belonged to Prime Minister Paul-Henri Spaak. It is located on an area of ​​67 acres with a living area of ​​900 square meters. The main house of the estate has 12 bedrooms, but in addition to this, there are also 4 other accommodations and 5 guest rooms which can each generate an estimated income of 6600 euros per month. Outside there is a park, a pond, a tower and even a fountain. Not to mention the XXL swimming pool offering future owners ultimate comfort.

How to explain this price?

The owner of the place is none other than Valère Duchenne, a real estate agent for over 35 years, who had the idea of ​​putting his house up for sale in the form of a competition on the site www.1000or.com. To register for the competition, you just have to pay the modest sum of 10 euros and answer two questions, as well as a subsidiary question, estimating as accurately as possible the total value of this exceptional property. The only clue made available? We know that the house is worth more than 1.5 million euros. The game which began on April 24 has already collected 980,000 euros, due to participations, an amount which already exceeds the expected amount of the sale. “If I do not meet my financial expectations, as owner, I reserve the right to withdraw the property from the game. Each candidate will have the option of either being reimbursed or being transferred to the secondary lot which is a beautifully crafted convertible car. »

A tempting competition, but one that nevertheless raises questions. In France, this type of competition would be prohibited because it would be considered unfair competition with French games. In Belgium, however, this type of competition remains unclear from a legal point of view although visibly authorized. In the United Kingdom, the country addicted to games of chance, this type of practice is not new, it even bears the name “House Raffle”. The idea? Obviously raise the bids in the hope of selling your property for more than the estimated value of the property. It also remains to add to these 10 euros the registration fees, the notary fees, as well as the cadastral income, which corresponds to the average net fictitious rental value over 1 year of the property… You will have understood, don’t It doesn’t matter who can’t afford to participate in this competition. For those who are still looking for the scam in this story, the Gaming Commission has opened an investigation, which will determine the legality of Mr. Duchenne’s business. The real estate agent risks a fine of up to 800,000 euros if an infraction is revealed. A word of advice: wait for the verdict to arrive before starting bets!

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