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Where are the best places to invest in Belgium right now? Is Brussels still the top pick, or are cities like Antwerp, Ghent, and Bruges gaining ground? What makes these locations attractive to both local and foreign investors?
We’re often asked these questions because we work directly with notaries, real estate agents, and clients who invest across the country. Our firsthand experience in these markets gives us unique insights into where the real opportunities lie. To save everyone from asking privately, we’ve written this article to share our knowledge broadly.
Our goal is to highlight the hottest markets in Belgium and explain why they’re worth your attention in 2025.
If you have suggestions or want us to dive deeper into a specific area, let us know. You shoot an email, we answer within 24 hours.
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1) Ghent is drawing interest for its creative and tech industries, driving significant property appreciation
Ghent is buzzing with creative and tech energy, making it a hot spot for homebuyers.
In 2023, property prices in Ghent jumped by 12.5%, and experts are betting on another 10% rise by the end of 2024. This isn't just a random spike; it's driven by a wave of tech and creative folks flocking to the city for its lively job market and cultural vibe. Ghent is becoming the place to be for those in the know.
The tech scene in Ghent is on fire, with a 20% increase in tech startups last year. Big investments are pouring in, like the €2 million boost for a major tech startup accelerator. Media outlets such as TechCrunch are singing Ghent's praises, which only adds to its allure, drawing even more talent and cash into the mix.
The Flemish government is rolling out the red carpet for these industries with tax breaks and funding for innovation hubs. As a result, the demand for office and co-working spaces is soaring, mirroring the rise in startups and creative ventures. This boom is making the housing market in Ghent fiercely competitive.
Young professionals and creatives are moving in, with a 10% population increase in this group in 2023 alone. The housing supply can't keep up, pushing property prices higher. If you're thinking about renting, know that rental yields in Ghent are outpacing the national average, showing just how hot the rental market is.
Sources: FVB Real Estate Federation, TechCrunch, Ghent University
From this video, we realize that Ghent's growth in biotech and tech industries significantly boosts local housing demand and real estate values.
2) Ostend is a hot market for holiday homes with rising prices due to its coastal charm and tourism appeal
Ostend's coastal charm and tourist appeal are pushing property prices up, making it a hot spot for holiday homes.
In 2023 and 2024, Ostend's property market saw a noticeable uptick, with apartment prices rising by 2.6% and house prices climbing by 2.2%. This isn't just happening in Ostend; other coastal cities are seeing similar trends. The demand for holiday homes is on the rise, and Ostend is no exception.
Airbnb data shows that Ostend is a popular choice for short-term rentals. In 2024, a typical rental was booked for 219 nights a year, with a 60% occupancy rate and an average daily rate of €132. This suggests that many people are keen on owning a holiday home in this vibrant coastal town.
Tourism is a big driver here. Ostend draws in a crowd, with the population swelling to 300,000 on peak days. Back in 2018, the city recorded 2.5 million overnight stays and 3.7 million day trips, underscoring its status as a major tourist hub. This influx of visitors makes owning property in Ostend appealing, both for personal enjoyment and as a smart investment.
Ostend's allure isn't just about the beach; it's about the lifestyle and the investment potential. The city's vibrant atmosphere and steady stream of tourists make it a prime location for those looking to buy a holiday home. Whether you're looking to enjoy the sea breeze or capitalize on the rental market, Ostend offers a compelling case.
Sources: AVIV Housing Market Report Q3 2024, Airbtics Airbnb Market Statistics, Eurocities Ostend
We created this infographic to give you a simple idea of how much it costs to buy property in different parts of Belgium. As you can see, it breaks down price ranges and property types for popular cities in the country. We hope this makes it easier to explore your options and understand the market.
3) Mechelen is gaining interest for its strategic spot between Brussels and Antwerp, driving up property values
Mechelen is quickly becoming a hot spot in the real estate market thanks to its prime location between Brussels and Antwerp.
In just a year, property prices have soared, with the cost per square meter jumping from €2,744 in late 2023 to €3,916 in 2024. This surge is catching the eye of investors and homebuyers who see the potential for growth. The city's strategic position makes it a commuter's dream, offering easy access to both Brussels and Antwerp, which is a big draw for those looking to balance work and home life.
Mechelen's appeal is further enhanced by improved public transport, including a €170 million bypass project that boosts connectivity. This makes the city even more attractive to new residents and businesses, who are eager to take advantage of the easy commute and vibrant local economy. The city's infrastructure improvements are a key factor in its rising popularity.
Population growth is another indicator of Mechelen's rising status. The number of residents has climbed from 80,940 in 2010 to 89,352 in 2024, showing a clear trend of increasing interest in the area. This growing population supports the demand for housing, pushing property values higher and making the market even more competitive.
Local real estate experts are taking note of this demand, as evidenced by the increasing number of homes sold and the rising average transaction prices. The city's dynamic growth and strategic location are making it a top choice for those looking to invest in property.
Sources: Walter Living, Rail Journal, World Population Review, Colliers
4) Bruges is in demand for its historic charm and tourism appeal, boosting property values
Bruges is a hot spot for property buyers, thanks to its historic charm and tourism appeal.
In recent years, property prices in Bruges have been on the rise, attracting both local and international buyers. This trend is expected to continue, with forecasts predicting a 3% increase in house prices by 2025. The city's unique allure keeps the market competitive, making it a prime location for investment.
Tourism plays a big role here, with a 79% occupancy rate for short-term rentals like Airbnb. The city welcomed a record 8.3 million tourists in 2023, with 89.1% of them being international visitors. This influx of tourists boosts demand for rental properties, making it a lucrative market for investors.
Bruges isn't just for tourists; it's a magnet for real estate investors too. The limited availability of properties in the historic center makes the market competitive, with buyers often willing to pay a premium. The picturesque locations and historic sites are a big draw, adding to the city's investment appeal.
Media coverage and government efforts to preserve Bruges' historic sites further enhance its attractiveness. These factors contribute to the rising property values, making Bruges a sought-after market. The city's charm and strategic investments keep it in the spotlight, driving interest from buyers worldwide.
For those looking to invest, Bruges offers a unique blend of history and modern appeal. The combination of tourism-driven demand and limited property availability makes it a compelling choice for property buyers. With its rich history and vibrant tourism scene, Bruges continues to be a top pick for investors.
Sources: Brussels Times, Brussels Times, Airbtics
In this video, we can see Bruges' medieval charm and tourism appeal that continues to drive property values and market interest.
5) Leuven is attractive to investors for its high rental yields driven by a large student population
Leuven is a hotspot for property investors, thanks to its thriving student population.
Home to KU Leuven, one of Europe's oldest universities, the city attracts students from all over the globe. In 2024, KU Leuven boasted 64,151 students, including a significant number of international and PhD students. This influx of students creates a steady demand for rental properties, ensuring that vacancies are rare and occupancy rates remain high.
During the 2023-2024 academic year, there were 15,168 international students at KU Leuven, many of whom needed housing. This constant demand has led to rising rental prices in Leuven, outpacing other Belgian cities. The Belgian real estate market is expected to rebound in 2025, driven by stable mortgage rates and housing shortages, making Leuven an even more attractive investment.
Investors often rave about the high returns they see in Leuven, thanks to the consistent rental yields and strong demand for student accommodations. Local authorities also highlight the need for more student housing, reinforcing the potential for investment in this market.
Sources: KU Leuven Facts and Figures, International Student Numbers - KU Leuven, Belgian Real Estate Market to Rebound in 2025
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6) Charleroi is attracting investors with urban renewal projects and growth potential in property values
Charleroi is buzzing with urban renewal projects that are drawing in investors eager for property value growth.
One standout project is the Charleroi District Créatif, which is breathing new life into the old town center. By cutting down on car traffic and adding more green spaces, the area is becoming a magnet for both residents and businesses. This transformation is making Charleroi a more inviting place to live and work.
Getting around Charleroi is also becoming easier thanks to a Municipal Mobility Plan that focuses on better public transport and cycling paths. With support from European FEDER subsidies, the city is revamping its main axes and squares, making the area more accessible and likely boosting property values.
Charleroi's housing market is on the rise, with a 7.1% increase in median home prices in 2024. This uptick is a promising sign for potential buyers and investors. The city's economic landscape is also expanding, thanks to successful startups and international investors, especially in the Healthtech sector.
These developments suggest that Charleroi is on its way to becoming a vibrant and economically strong city. The combination of urban renewal, improved mobility, and a thriving housing market makes it an attractive option for those looking to invest in property.
Sources: VK Architects & Engineers, Rocket Homes, StartupBlink, ING Think, Europan Europe
7) Hasselt is gaining attention for its affordable property prices compared to other Flemish cities, offering strong investment potential
Hasselt is catching eyes because its property prices are more affordable than in other Flemish cities.
In 2023, the average price for a flat in Limburg province was €245,922, with Hasselt standing out as the cheapest provincial capital at €256,537. This affordability is a key reason why more people are considering buying property here. Over the past decade, property prices in Hasselt have increased by 37.21%, which shows a strong growth trend. This makes it an attractive option for investors looking for potential appreciation.
Looking ahead, the real estate market in Hasselt is expected to rebound in 2025 with a 3% increase in housing prices. This is driven by factors like stable mortgage rates and housing shortages. Hasselt's growing population, estimated at 77.7K, is another factor contributing to the demand for housing. The city also benefits from an efficient public transportation system, making it a convenient place to live.
These elements combined make Hasselt a promising location for property investment. The city's growing population, estimated at 77.7K, is another factor contributing to the demand for housing. The city also benefits from an efficient public transportation system, making it a convenient place to live.
These elements combined make Hasselt a promising location for property investment. The city's growing population, estimated at 77.7K, is another factor contributing to the demand for housing. The city also benefits from an efficient public transportation system, making it a convenient place to live.
These elements combined make Hasselt a promising location for property investment. The city's growing population, estimated at 77.7K, is another factor contributing to the demand for housing. The city also benefits from an efficient public transportation system, making it a convenient place to live.
Sources: Immoweb, ING Think, VRT News
8) Leuven’s Heverlee district is popular for its university proximity and green spaces, driving property demand
Heverlee in Leuven is catching eyes, especially in 2023 and 2024, thanks to its closeness to KU Leuven.
With KU Leuven being one of Belgium's top universities, student enrollment hit 61,049 in 2022, boosting housing demand in Heverlee. This surge is drawing in students and university staff who want to live nearby.
While exact property prices in Heverlee aren't specified, urban areas in Belgium are seeing rising property prices, and Heverlee is likely following suit. The district's charm lies in its mix of academic proximity and lush green spaces, making it a hot spot for those seeking a balanced lifestyle.
Heverlee's closeness to Arenberg Park and other green areas is a big draw for nature lovers. Young professionals and students are particularly attracted to the quality of life here, where they can enjoy both nature and convenience.
Public transport links have improved, making it easier for residents to get to Leuven city center. This convenience adds to Heverlee's growing popularity, as commuting to the university and city amenities becomes a breeze.
For anyone considering a move, Heverlee offers a unique blend of academic and natural appeal. The district's rising demand is a testament to its desirable location and lifestyle benefits.
Sources: KU Leuven News, Statista
We did some research and made this infographic to help you quickly compare rental yields of the major cities in Belgium versus those in neighboring countries. It provides a clear view of how this country positions itself as a real estate investment destination, which might interest you if you’re planning to invest there.
9) Namur is gaining interest with its rise as a regional administrative center, boosting demand for residential and commercial properties
Namur is becoming a hot spot for property buyers thanks to its rising status as a regional administrative center.
With the Belgian government pouring money into infrastructure, Namur is seeing a boom in both residential and commercial property demand. This is largely because of the increased fiscal autonomy that regions like Namur now enjoy, leading to more local investments. The NBB Economic Review in 2024 highlights how these changes are reshaping the landscape.
New administrative offices are popping up, bringing with them a wave of job opportunities. This influx of jobs is a magnet for people looking to live and work in Namur, which in turn fuels the need for more housing and office spaces. It's a cycle of growth that's hard to ignore.
Namur's population is on the rise, with an estimated 503,895 residents by 2024. This growth isn't just from natural increase; migration plays a big role too. As more people move in, the demand for housing and commercial spaces naturally follows.
Real estate agencies are buzzing with activity, reporting a noticeable uptick in transactions and property prices. Urban living is in vogue, and Namur is no exception. The trend towards co-living and co-working spaces is also contributing to this surge, making urban areas like Namur more attractive than ever.
Sources: NBB Economic Review, Statista, City Population
10) Antwerp’s Zuid is booming with its trendy vibe and cultural attractions, driving high demand and rising property prices
Antwerp's Zuid neighborhood is booming with popularity thanks to its trendy vibe and cultural attractions.
People are flocking to Zuid, drawn by its unique blend of history and modern flair. This area is a magnet for young professionals and creatives who love its vibrant atmosphere. The neighborhood is home to cultural gems like the FOMU Photography Museum and the M Hka Museum of Modern Art, which cement its status as a cultural hotspot.
Local real estate agents are buzzing about the surge in property interest in Zuid. The demand is high, and it's easy to see why. The area is not just about culture; it's also about lifestyle. The shopping scene is lively, with boutiques and concept stores that add to its charm and support local businesses.
Media outlets can't stop talking about Zuid, often highlighting it as a trendy and desirable place to live. Travel blogs and articles rave about its artsy vibe, which only adds to its allure. This positive media portrayal has played a big role in attracting new residents and driving up property prices.
As more people discover Zuid, the neighborhood's appeal continues to grow. It's not just a place to live; it's a lifestyle choice. The combination of cultural attractions, a vibrant shopping scene, and a lively atmosphere makes it a top pick for many.
With its rising popularity, Zuid is becoming a sought-after destination for those looking to invest in property. The neighborhood's charm and cultural significance make it a prime spot for real estate, and the demand shows no signs of slowing down.
Sources: World Population Review, Nomadisbeautiful.com, Conference Hotel Group, River Oaks Travel Agency
11) Kortrijk is gaining interest from cross-border economic activities with France
Kortrijk is seeing a surge in real estate interest thanks to its economic ties with France.
Many French workers commute to Belgium, and Kortrijk is a key area for these cross-border workers. This influx of workers boosts local economic activity, leading to more trade and business opportunities. As a result, the demand for housing in Kortrijk is on the rise, making it a hot spot for real estate investment.
Belgium's real estate market is drawing more European investors, especially from France. As the economy bounces back from inflation issues, Kortrijk's strategic location and economic strength are attracting attention. French investors are particularly interested, further fueling the growth in this area.
There's also a noticeable increase in cross-border commuting, especially from Wallonia. This trend highlights the mobility between Belgium and France, which in turn drives the demand for rental properties in Kortrijk. More cross-border workers are looking for places to stay, adding to the area's appeal for real estate investors.
Kortrijk's proximity to France and its vibrant economic scene make it a prime location for those looking to invest in property. The town is benefiting from the cross-border economic activities, which are creating a dynamic real estate market. Investors are keen to tap into this potential, seeing Kortrijk as a promising opportunity.
With its growing popularity among French investors and the steady flow of cross-border workers, Kortrijk is poised for continued real estate growth. The town's unique position and economic vitality are key factors driving this trend.
Sources: RTL Today, Knight Frank, EURES
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12) Liège is booming with better connectivity from infrastructure upgrades
Liège is buzzing with a real estate boom thanks to its upgraded transportation network.
The upcoming Liège tramway, set to roll out by January 31, 2025, is a game-changer. This project will link the city center with the suburbs, making it easier and faster to get around. As a result, real estate prices are climbing in areas like Waremme and Waimes. In 2023, notaries in Liège Province reported record-breaking median prices in Huy and Verviers, showing a clear demand for housing.
With the Walloon Government pumping more funds into the tram project, it's clear they're serious about boosting the region. This commitment, along with media buzz about Liège as a real estate hotspot, is drawing in property investors. The improved infrastructure is not just about better commutes; it's creating a positive vibe that could attract new businesses and startups.
Liège's transformation is not just about the tram. The city's enhanced connectivity is making it more attractive to those looking to buy property. The tramway is a key piece of this puzzle, promising to cut down travel times and make daily life more convenient. This is a big deal for anyone considering a move to the area.
As Liège becomes more connected, it's not just the locals who are taking notice. Investors are eyeing the city, seeing potential in its growing appeal. The infrastructure improvements are setting the stage for a exciting real estate market, with more people looking to call Liège home.
For those thinking about buying property in Liège, now might be the time to act. The city's on the rise, and with the tramway on the horizon, it's only going to get better. The buzz around Liège is real, and it's all thanks to the changes happening right now.
Sources: Brussels Times, Brussels Times, The Bulletin
While this article provides thoughtful analysis and insights based on credible and carefully selected sources, it is not, and should never be considered, financial advice. We put significant effort into researching, aggregating, and analyzing data to present you with an informed perspective. However, every analysis reflects subjective choices, such as the selection of sources and methodologies, and no single piece can encompass the full complexity of the market. Always conduct your own research, seek professional advice, and make decisions based on your own judgment. Any financial risks or losses remain your responsibility. Finally, please note that we are not affiliated to any of the sources provided. Our analysis remains then 100% impartial.
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