The valuation of an investment property follows a different logic from that of a conventional residential property. Potential buyers think primarily in terms of rental yield, occupancy rate and potential for revaluation. In Brussels, gross yields are generally between 3 and 5 %, depending on the municipality, the condition of the building and the quality of the leases in place. However, gross yield is not sufficient to determine the real value of a building: property tax, maintenance charges, provision for works and any periods of vacancy need to be taken into account to obtain a representative net yield.
Beyond the numbers, savvy investors take a close look at the urban planning conformity of each unit, the condition of the technical installations (electricity, gas, roofing) and the EPB certificates of the various lots. The Brussels Region requires every home to achieve the E label by 2033: a building in which all units already have a favorable EPB rating stands out clearly on the market compared with a property requiring major investment to bring itself into compliance.
The composition of existing leases also deserves particular attention. Long-term leases with stable tenants are a guarantee of security for the buyer. On the other hand, rents that are significantly below market levels can be either a lever for revaluation or a constraint, depending on the nature of the current leases.
We estimate your property by combining an asset analysis (location, surface area, general condition, number of units) and a yield analysis (current and potential rents, charges, work to be carried out). This two-pronged approach enables you to position your property at a price in line with investor market expectations.