Municipalities for investors

Real estate investor in Belgium? Find the municipalities offering the best rental yield. Our analysis cross-references purchase prices with rental levels to identify the best investment opportunities.

Price/sqmMedian apartment price

#	Municipality	House price	Score
1	ManhayLuxembourg	127 675 €	42/100
2	SillyHainaut	129 360 €	42/100
3	BoussuHainaut	129 618 €	58/100
4	BraivesLiege	132 948 €	44/100
5	SambrevilleNamur	139 323 €	60/100
6	HouffalizeLuxembourg	140 881 €	43/100
7	HeronLiege	143 411 €	41/100
8	WellinLuxembourg	143 648 €	46/100
9	ChinyLuxembourg	145 144 €	48/100
10	LobbesHainaut	146 059 €	43/100
11	AndenneNamur	146 804 €	63/100
12	CrisneeLiege	147 719 €	41/100
13	DourHainaut	147 992 €	61/100
14	KelmisLiege	149 548 €	44/100
15	EtalleLuxembourg	149 803 €	45/100
16	Libramont-ChevignyLuxembourg	150 083 €	43/100
17	AubangeLuxembourg	151 950 €	60/100
18	VerlaineLiege	151 920 €	41/100
19	DonceelLiege	153 071 €	46/100
20	ViseLiege	153 180 €	60/100

Practical tips

1
A gross yield of 4-5% is considered good in Belgium.
2
Small apartments (studio/1 bedroom) generally offer better yield.
3
Property tax (précompte) varies by municipality — check the local rate.
4
Budget 1-2 months of vacancy per year in your calculations.
5
An EPC label C or better attracts tenants more easily.

Recommended tools

Rental yield calculator Notary fee calculator

Recommended guides

Rental investment guide

FAQ

Data is updated quarterly.