Belgium

Rental Yields in Belgium in 2022, Q3

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Yields in Brussels moderate

Residential Valuation Specialist | November 01, 2022

Last Updated: Sept. 14, 2022
BRUSSELS - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Brussels District (combined)
Studio €172,000 €750 5.23%
1-Bedroom €225,000 €910 4.85%
2-Bedroom €300,000 €1,350 5.40%
3-Bedroom €490,000 €1,925 4.71%
4+Bedroom €690,000 €2,970 5.17%
Brussels City
Studio €169,750 €750 5.30%
1-Bedroom €260,000 €995 4.59%
2-Bedroom €379,000 €1,408 4.46%
3-Bedroom €560,000 €2,250 4.82%
4+Bedroom €865,000 €3,725 5.17%
Brussels avg. Rental Yields 4.97%
ANTWERP - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Antwerp (combined)
Studio €145,000 €675 5.59%
1-Bedroom €219,000 €775 4.25%
2-Bedroom €275,000 €900 3.93%
3-Bedroom €349,000 €1,195 4.11%
4+Bedroom €539,000 €1,850 4.12%
Antwerp City
Studio €166,000 €775 5.60%
1-Bedroom €279,500 €875 3.76%
2-Bedroom €485,000 €1,150 2.85%
3-Bedroom €698,000 €1,485 2.55%
Antwerp avg. Rental Yields 4.08%
BRUGGE - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Brugge (all locations)
Studio €159,500 €738 5.55%
1-Bedroom €209,000 €650 3.73%
2-Bedroom €357,500 €790 2.65%
3-Bedroom €745,000 €1,175 1.89%
4+Bedroom €1,150,000 €2,175 2.27%
Brugge avg. Rental Yields 3.22%
OOSTEND - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Oostend (all locations)
Studio €146,500 €550 4.51%
1-Bedroom €199,000 €598 3.61%
2-Bedroom €268,000 €740 3.31%
3-Bedroom €365,000 €850 2.79%
Oostend avg. Rental Yields 3.55%
LIÈGE - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Liège (all locations)
Studio €104,000 €503 5.80%
1-Bedroom €160,000 €590 4.43%
2-Bedroom €213,000 €780 4.39%
3-Bedroom €255,500 €890 4.18%
4+Bedroom €325,000 €1,290 4.76%
Liège avg. Rental Yields 4.71%
KORTRIJK - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Kortrijk (all locations)
Studio €149,500 €950 7.63%
1-Bedroom €200,000 €625 3.75%
2-Bedroom €261,500 €700 3.21%
3-Bedroom €321,000 €825 3.08%
Kortrijk avg. Rental Yields 4.42%
LEUVEN - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Leuven (all locations)
Studio €209,500 €743 4.26%
1-Bedroom €229,000 €800 4.19%
2-Bedroom €308,000 €895 3.49%
3-Bedroom €359,000 €975 3.26%
4+Bedroom €420,000 €1,550 4.43%
Leuven avg. Rental Yields 3.92%
MECHELEN - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Mechelen (all locations)
Studio €189,450 €613 3.88%
1-Bedroom €211,933 €740 4.19%
2-Bedroom €284,500 €850 3.59%
3-Bedroom €325,000 €960 3.54%
Mechelen avg. Rental Yields 3.80%
All yields are gross - i.e., before taxes, repair costs, ground rents, estate agents fees, and any other costs. Net yields (what you´ll really earn) are typically around 1.5% to 2% lower.
Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule

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Gross rental yields in Brussels range have remained steady over the past year. Gross rental yields on apartments in Brussels range from around 4.71% to 5.40%. Meanwhile, the difference between the yields on small properties, which tend to be higher, and those on larger properties, has shrunk.

The price of apartments and house in Belgium have been rising, according to the consultancy Stadim. So too have rents.

All of the apartments and houses included in our survey are located in the prime areas of Brussels. The prime areas we took were Brussels City, Etterbeek, Ixelles, St. Gilles, Uccle, Woluwe-St. Pierre, and Woluwe-St. Lambert.

The biggest reason that investors in Belgium will be discouraged is that round trip transaction costs are high for buyers of residential property. See our Belgium residential property transaction costs analysis and our Residential property transaction costs in Belgium compared to other countries

  

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