Gross rental yields in Belgium: Brussels and 7 other cities
The average gross rental yield in Belgium stands at 4.11% (Q3, 2023).
- Brussels
- Brugge
- Antwerp
- Oostend
- Liège
- Kortrijk
- Mechelen
- Leuven
| Last Updated: Aug. 30, 2023 | |||
| BRUSSELS - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Brussels District (combined) | |||
| Studio | €185,000 | €800 | 5.19% |
| 1-Bedroom | €221,500 | €950 | 5.15% |
| 2-Bedroom | €295,000 | €1,400 | 5.69% |
| 3-Bedroom | €449,000 | €2,000 | 5.35% |
| 4+Bedroom | €599,000 | €2,800 | 5.61% |
| Brussels City | |||
| Studio | €223,500 | €1,275 | 6.85% |
| 1-Bedroom | €265,000 | €1,100 | 4.98% |
| 2-Bedroom | €376,500 | €1,550 | 4.94% |
| 3-Bedroom | €549,500 | €2,200 | 4.80% |
| Brussels avg. Rental Yields | 5.40% | ||
| ANTWERP - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Antwerp (combined) | |||
| Studio | €140,000 | €650 | 5.57% |
| 1-Bedroom | €218,000 | €795 | 4.38% |
| 2-Bedroom | €260,000 | €950 | 4.38% |
| 3-Bedroom | €339,000 | €1,200 | 4.25% |
| Antwerp City | |||
| Studio | €167,000 | €650 | 4.67% |
| 1-Bedroom | €279,500 | €850 | 3.65% |
| 2-Bedroom | €469,000 | €1,250 | 3.20% |
| 3-Bedroom | €645,000 | €1,800 | 3.35% |
| Antwerp avg. Rental Yields | 4.64% | ||
| BRUGGE - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Brugge (all locations) | |||
| Studio | €178,000 | €600 | 4.04% |
| 1-Bedroom | €255,950 | €700 | 3.28% |
| 2-Bedroom | €395,000 | €900 | 2.73% |
| 3-Bedroom | €845,000 | €1,483 | 2.11% |
| 4+Bedroom | €1,250,000 | €2,275 | 2.18% |
| Brugge avg. Rental Yields | 2.87% | ||
| OOSTEND - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Oostend (all locations) | |||
| Studio | €130,000 | €550 | 5.08% |
| 1-Bedroom | €189,900 | €630 | 3.98% |
| 2-Bedroom | €265,000 | €800 | 3.62% |
| 3-Bedroom | €365,000 | €950 | 3.12% |
| Oostend avg. Rental Yields | 3.95% | ||
| LIÈGE - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Liège (all locations) | |||
| Studio | €105,000 | €500 | 5.71% |
| 1-Bedroom | €159,000 | €650 | 4.91% |
| 2-Bedroom | €210,000 | €850 | 4.86% |
| 3-Bedroom | €269,000 | €940 | 4.19% |
| 4+Bedroom | €306,000 | €1,110 | 4.35% |
| Liège avg. Rental Yields | 4.80% | ||
| KORTRIJK - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Kortrijk (all locations) | |||
| 1-Bedroom | €199,250 | €690 | 4.16% |
| 2-Bedroom | €275,000 | €775 | 3.38% |
| 3-Bedroom | €315,000 | €875 | 3.33% |
| Kortrijk avg. Rental Yields | 3.62% | ||
| LEUVEN - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Leuven (all locations) | |||
| Studio | €225,000 | €795 | 4.24% |
| 1-Bedroom | €239,000 | €800 | 4.02% |
| 2-Bedroom | €309,263 | €945 | 3.67% |
| 3-Bedroom | €382,500 | €1,100 | 3.45% |
| Leuven avg. Rental Yields | 3.84% | ||
| MECHELEN - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Mechelen (all locations) | |||
| 1-Bedroom | €224,950 | €750 | 4.00% |
| 2-Bedroom | €289,250 | €890 | 3.69% |
| 3-Bedroom | €354,000 | €1,065 | 3.61% |
| Mechelen avg. Rental Yields | 3.77% | ||
| 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 and Immoweb.be |
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Research Methodology: To conduct this research, we searched for studio, 1-bedroom, 2-bedroom, 3-bedroom, and 4-bedroom apartments in the largest cities of Belgium. We used the local real estate listing website for both buying and renting prices to determine the average gross rental yields (Monthly Rent x 12 / Purchase Price).
For instance, if the monthly rent is €500 and the purchase price is €100,000, the calculation would be: €500 (Monthly Rent) x 12 / €100,000 (Purchase Price) = 6% (Gross Rental Yield).