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May 07, 2013

Yields in Brussels aren’t that exciting

			Last Updated: May 07, 2013
BRUSSELS - Apartments	COST (€)		YIELD (p.a.)	PRICE/SQ.M. (€)
BRUSSELS - Apartments	TO BUY	MONTHLY RENT	YIELD (p.a.)	TO BUY	MONTHLY RENT
50 sq. m.	157,650	728	5.54%	3,153	14.56
75 sq. m.	231,600	968	5.01%	3,088	12.90
100 sq. m.	319,900	1,157	4.34%	3,199	11.57
120 sq. m.	374,880	1,361	4.36%	3,124	11.34
150 sq. m.	495,150	1,605	3.89%	3,301	10.70
200 sq. m.	664,400	2,466	4.45%	3,322	12.33
BRUSSELS - Houses
150 sq. m.	419,250	1,704	4.88%	2,795	11.36
250 sq. m.	668,250	2,460	4.42%	2,673	9.84
400 sq. m.	1,180,000	3,600	3.66%	2,950	9.00
Brussels: Laeken, Neder-over-Heembeek, Auderghem, Ixelles, Saint-Gilles, Uccle, and Woluwe-Saint-Pierre Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule

Gross rental yields in Brussels range from barely acceptable to good, depending on the size and location. Gross rental on apartments in Brussels range from around 3.54% to 5.95%, while yields on houses range from 2.90% to 5.30%.

There’s been a notable sires in prices over the past year. Square metre (sq. m.) prices of apartments and houses in the prime districts of Brussels have increased, according to the latest survey of Global Property Guide. So too have rents.

During the year ending in May 2012:

There was an 11% rise in the average price per sq. m. of 120 sq. m. apartments
a 3.4% rise in the average price per sq. m. of medium houses
a 6.4% rise in the average price per sq. m. of large houses rose

These increases are broadly in line with Statistics Belgium’s report on average property prices in Brussels, which shows that during the year to H2 2012, the average prices of apartments rose 6.4%; the average prices of regular houses rose 3.6%; and the average prices of villas, bungalows, country house rose by 8%.

Rents have also significantly increased, according to our survey. The year ending May 2012 saw:

a 16.5% increase in the average monthly rent per sq. m. of 120 sq. m. apartments rose
a 6.7% increase in the average monthly rent per sq. m. of medium houses
a 3% increase in the average monthly rent per sq. m. of large houses

All of the apartments and houses included in our survey are located in the prime areas of Brussels. The prime areas are Auderghem, Brussels City, Etterbeek, Ixelles, St. Gilles, Uccle, Woluwe-St. Pierre, and Woluwe-St. Lambert. Our survey included around 2,300 apartments and houses.

Belgium - more data and information

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