Brussels, the vibrant capital of Belgium, and its suburbs offer investors a range of real estate opportunities. With rising interest rates on home loans driving growth in the rental market and high demand for quality rental property, there are several reasons why investing in Brussels can be interesting right now. Let's dig deeper into why this can be a smart move.
Rising Demand for Rental Property in Brussels
One of the main reasons why investing in Brussels is attractive is the growing demand for rental housing. Rising interest rates on home loans are making it more difficult for many people to buy a home, so they are turning to the rental market. This results in a growing demand for high-quality rental property.
The proximity to downtown Brussels and the many employment opportunities make the demand for rental housing in this region particularly high. Many people want to live closer to their jobs to avoid stressful commutes. As a result, rental prices are interesting for investors and landlords.
Stable Housing Market and Value Determination.
Brussels has historically had a stable housing market and is known for its value stability. Despite economic fluctuations, real estate in this region generally retains its value over the long term. This makes it a relatively safe investment option, especially for those looking for long-term stability and growth.
International Institutions and Multinational Corporations
As home to numerous international institutions, such as the European Union and NATO, Brussels has a significant number of expatriates and employees of multinational companies. This group of people is often looking for high-quality rental housing, so there is a stable demand for rental property and are willing of also move out to the peripheral areas such as, for example, Sint-Lambrechts-Woluwe, Anderlecht, Evere, Ixelles, ...
So investing in real estate that meets the needs of this active (international) community can be a profitable venture.
Brussels's Tourism and Cultural Attractiveness
Brussels is also a popular tourist destination because of its rich history, architecture, culture and culinary scene. Attracting tourists creates a constant demand for short-term rentals and vacation homes. Investing in real estate suitable for this market can be a lucrative source of income.
Infrastructure and Connectivity
Brussels and its peripheral municipalities, such as Sint-Lambrechts-Woluwe, have excellent infrastructure and good connections, both by public transport and by car. This makes it easy for residents to move within the city and to nearby cities. Accessibility and connectivity contribute to the attractiveness of this region for both residents and tenants.
Conclusion
Investing in real estate in Brussels and its suburbs can be a smart move, thanks to the rising demand for rental property, the stable housing market, the presence of international institutions and multinational companies, tourism and good infrastructure.
However, it is always advisable to do thorough research, analyze the market and seek advice from professionals before making an investment decision.
