Gross yields are around 8.15% for apartments in Brussels, the center of the rental market, according to Global Property Guide research. Gross yields for detached houses in the suburbs are around 6.07% to 8.00%, reflecting the strong demand for rental properties in the area. National rental yields reached a healthy 7.3% in 2005.
The rental market has been subdued for a number of years because of the rising number of homeowners, and because of rent controls (see below). The rental market is significant, at about 30% of the housing stock (23% in the private sector, 7% in social housing); but this is falling, and is down from 38% in 1980 and 33% in 1990.
However, in Brussels, 60% of households are renters. A significant high-income rental sector is found in the Brussels region. | | | | | COST
(€) | YIELD
(p.a.) | PRICE, M2
(€) | | | | | | | | | BRUSSELS Centre - Apartments 1 | | | | | | | 130,000 | 1,200 | 11.08% | 1,857 | 17.10 | | 250,000 | 1,500 | 7.20% | 2,500 | 15.00 | | 270,000 | 1,825 | 8.11% | 1,800 | 12.20 | | 425,000 | 2,200 | 6.21% | 2,125 | 11.00 | | | | | | | | | BRUSSELS Suburbs - Apartments 2 | | | | | | | 190,000 | 1,250 | 7.89% | 1,900 | 12.50 | | 247,500 | 1,425 | 6.91% | 1,650 | 9.50 | | | | | | | | | BRUSSELS Suburbs - Houses 2 | | | | | | | 210,000 | 1,400 | 8.00% | 2,100 | 14.00 | | 405,000 | 2,050 | 6.07% | 2,025 | 10.30 | | 460,500 | 1,850 | 4.82% | 1,535 | 6.20 | | 705,000 | 4,000 | 6.81% | 1,763 | 10.00 | | | | | | | | Source: Global Property Guide
Last Updated: November 7, 2006 |
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