Parking space and garage box investment in Belgium: the real yield

On 27 October 2026, 2,726 garages and parking spaces were for sale in Belgium at a median asking price of €30,000 and an estimated rent of €119 a month. That is a median gross yield of 4.6%. After registration duty, notary fees, vacancy and yearly costs, the median net yield is 2.2%. Higher figures you see elsewhere are usually gross yields on the asking price. This page shows how we calculate it, city by city, and how to check a listing yourself.

Garage, garage box or parking space: what are you buying?

In Belgian Dutch a "garage" can also mean a car dealer or workshop, and the lockable single-car unit is called a garagebox. We tell four kinds apart: lock-up garage (garage box), 556 for sale, lock-up parking space, covered parking space and outdoor parking space.

Their median net yields are close together (1.8% to 2.4%): the city and the purchase price matter more than the type.

Gross vs net yield: why 8% is rarely 8%

Gross yield is annual rent divided by the asking price, the number in many listings. Net yield subtracts the costs an owner really carries: registration duty (12% in Flanders, 12.5% in Brussels and 12.5% in Wallonia), notary fees including VAT, 5% vacancy, property tax, insurance, the building's service charges and maintenance, for a purchase without a loan.

In Belgium the median is 4.6% gross and 2.2% net; the middle half of garages sits between 1.6% and 3.0% net. A seller or forum post promising 8 to 9% usually leaves purchase costs out.

What buying a garage box really costs

On the median asking price of €30,000 come registration duty and notary fees: about €36,064 in total to acquire one garage. A garage bought on its own pays the standard rate: 12% in Flanders, 12.5% in Brussels and 12.5% in Wallonia. The reduced rate for a sole own home does not apply to an investment garage.

Before you buy, ask for the co-ownership documents: the deed, the minutes and the yearly service charge.

What drives the rent of a garage box

We estimate each garage's rent from comparable rental ads: first on the same street, then nearby, then across the city, and only then with a model. For 43% of properties that happens at street or neighbourhood level.

In validation, our estimate is off by a median 15.0% from the actual asking rent, against 16.7% for a plain city average. They remain estimates based on asking rents, not financial advice.

Garage box yield by city

This table only lists cities with at least 25 usable listings, sorted by net yield. Net yield is highest in Anderlecht, Zaventem and Jette (3.2% to 3.5%) and lowest in Blankenberge, Roeselare and Knokke-Heist (1.3% to 1.5%), where prices are high and rents do not rise in proportion.

CityListingsMedian priceMedian rentGrossNet
Anderlecht59€23,000€1147.2%3.5%
Zaventem31€20,000€1096.5%3.2%
Jette49€29,999€1425.8%3.2%
Saint-Gilles40€25,500€1196.0%3.1%
Schaerbeek32€28,000€1275.8%3.0%
Uccle38€29,950€1305.6%3.0%
Forest29€30,000€1205.8%3.0%
Molenbeek57€25,000€1115.7%3.0%
Brussels153€28,000€1265.7%2.9%
Charleroi26€12,500€838.0%2.9%
Antwerp199€30,000€1255.2%2.8%
Etterbeek29€32,500€1255.2%2.8%
Woluwe-Saint-Lambert60€25,000€1015.4%2.7%
Ixelles94€30,500€1214.8%2.6%
Evere41€20,000€935.9%2.6%
Liège78€27,250€1005.0%2.4%
Turnhout33€21,500€925.1%2.1%
Lier26€24,700€934.6%2.0%
Hasselt32€25,500€964.5%2.0%
Leuven99€30,000€1024.3%2.0%
Mechelen30€28,750€1004.3%1.9%
Ghent105€30,000€1004.0%1.9%
Bredene28€34,000€1133.8%1.9%
De Panne38€42,500€1203.4%1.8%
Ostend130€44,750€1213.4%1.8%
Koksijde36€42,250€1173.2%1.7%
Nieuwpoort76€55,000€1513.0%1.7%
Bruges119€35,000€903.4%1.5%
Knokke-Heist227€85,000€1702.4%1.5%
Roeselare40€25,000€753.7%1.3%
Blankenberge56€55,000€1062.6%1.3%

Risks the numbers do not show

How to run the numbers yourself

  1. Find the street on the map and look at the estimated rent and its source: street, neighbourhood, city or model.
  2. Enter the price and costs in the calculator and adjust vacancy and service charges.
  3. Compare the result with the city median above.

Garage box by city

Each block below is built from that city's own figures; cities under the minimum number of listings are not included.

Garage box in Knokke-Heist: 227 for sale, net yield 1.5%

Knokke-Heist: median asking price €85,000, estimated rent €170 a month, gross 2.4%, net 1.5% (middle half 1.2% to 1.7%). Total purchase cost at the median: €98,235. That ranks 29 of 31 cities on net yield. 0.8% below the national median.

All garages in Knokke-Heist · Map with rent per street

Garage box in Antwerp: 199 for sale, net yield 2.8%

Antwerp: median asking price €30,000, estimated rent €125 a month, gross 5.2%, net 2.8% (middle half 2.4% to 3.4%). Total purchase cost at the median: €35,914. That ranks 11 of 31 cities on net yield. 0.6% above the national median.

All garages in Antwerp · Map with rent per street

Garage box in Brussels: 153 for sale, net yield 2.9%

Brussels: median asking price €28,000, estimated rent €126 a month, gross 5.7%, net 2.9% (middle half 2.5% to 3.6%). Total purchase cost at the median: €33,758. That ranks 9 of 31 cities on net yield. 0.7% above the national median.

All garages in Brussels · Map with rent per street

Garage box in Ostend: 130 for sale, net yield 1.8%

Ostend: median asking price €44,750, estimated rent €121 a month, gross 3.4%, net 1.8% (middle half 1.4% to 2.2%). Total purchase cost at the median: €52,739. That ranks 25 of 31 cities on net yield. 0.5% below the national median.

All garages in Ostend · Map with rent per street

Garage box in Bruges: 119 for sale, net yield 1.5%

Bruges: median asking price €35,000, estimated rent €90 a month, gross 3.4%, net 1.5% (middle half 1.1% to 2.0%). Total purchase cost at the median: €41,617. That ranks 28 of 31 cities on net yield. 0.8% below the national median.

All garages in Bruges · Map with rent per street

Garage box in Ghent: 105 for sale, net yield 1.9%

Ghent: median asking price €30,000, estimated rent €100 a month, gross 4.0%, net 1.9% (middle half 1.5% to 2.3%). Total purchase cost at the median: €35,914. That ranks 22 of 31 cities on net yield. 0.4% below the national median.

All garages in Ghent · Map with rent per street

Garage box in Leuven: 99 for sale, net yield 2.0%

Leuven: median asking price €30,000, estimated rent €102 a month, gross 4.3%, net 2.0% (middle half 1.7% to 2.5%). Total purchase cost at the median: €35,914. That ranks 20 of 31 cities on net yield. 0.2% below the national median.

All garages in Leuven · Map with rent per street

Garage box in Ixelles: 94 for sale, net yield 2.6%

Ixelles: median asking price €30,500, estimated rent €121 a month, gross 4.8%, net 2.6% (middle half 2.2% to 3.2%). Total purchase cost at the median: €36,636. That ranks 14 of 31 cities on net yield. 0.4% above the national median.

All garages in Ixelles · Map with rent per street

Garage box in Liège: 78 for sale, net yield 2.4%

Liège: median asking price €27,250, estimated rent €100 a month, gross 5.0%, net 2.4% (middle half 1.9% to 2.8%). Total purchase cost at the median: €32,894. That ranks 16 of 31 cities on net yield. 0.2% above the national median.

All garages in Liège · Map with rent per street

Garage box in Nieuwpoort: 76 for sale, net yield 1.7%

Nieuwpoort: median asking price €55,000, estimated rent €151 a month, gross 3.0%, net 1.7% (middle half 1.5% to 2.1%). Total purchase cost at the median: €64,365. That ranks 27 of 31 cities on net yield. 0.6% below the national median.

All garages in Nieuwpoort · Map with rent per street

Garage box in Woluwe-Saint-Lambert: 60 for sale, net yield 2.7%

Woluwe-Saint-Lambert: median asking price €25,000, estimated rent €101 a month, gross 5.4%, net 2.7% (middle half 2.2% to 3.0%). Total purchase cost at the median: €30,301. That ranks 13 of 31 cities on net yield. 0.5% above the national median.

All garages in Woluwe-Saint-Lambert · Map with rent per street

Garage box in Anderlecht: 59 for sale, net yield 3.5%

Anderlecht: median asking price €23,000, estimated rent €114 a month, gross 7.2%, net 3.5% (middle half 3.0% to 4.1%). Total purchase cost at the median: €27,995. That ranks 1 of 31 cities on net yield. 1.3% above the national median.

All garages in Anderlecht · Map with rent per street

Garage box in Molenbeek: 57 for sale, net yield 3.0%

Molenbeek: median asking price €25,000, estimated rent €111 a month, gross 5.7%, net 3.0% (middle half 2.6% to 3.5%). Total purchase cost at the median: €30,301. That ranks 8 of 31 cities on net yield. 0.7% above the national median.

All garages in Molenbeek · Map with rent per street

Garage box in Blankenberge: 56 for sale, net yield 1.3%

Blankenberge: median asking price €55,000, estimated rent €106 a month, gross 2.6%, net 1.3% (middle half 1.0% to 1.6%). Total purchase cost at the median: €64,365. That ranks 31 of 31 cities on net yield. 0.9% below the national median.

All garages in Blankenberge · Map with rent per street

Garage box in Jette: 49 for sale, net yield 3.2%

Jette: median asking price €29,999, estimated rent €142 a month, gross 5.8%, net 3.2% (middle half 2.5% to 3.7%). Total purchase cost at the median: €36,062. That ranks 3 of 31 cities on net yield. 1.0% above the national median.

All garages in Jette · Map with rent per street

Garage box in Evere: 41 for sale, net yield 2.6%

Evere: median asking price €20,000, estimated rent €93 a month, gross 5.9%, net 2.6% (middle half 2.2% to 3.3%). Total purchase cost at the median: €24,538. That ranks 15 of 31 cities on net yield. 0.3% above the national median.

All garages in Evere · Map with rent per street

Garage box in Roeselare: 40 for sale, net yield 1.3%

Roeselare: median asking price €25,000, estimated rent €75 a month, gross 3.7%, net 1.3% (middle half 1.1% to 1.6%). Total purchase cost at the median: €30,176. That ranks 30 of 31 cities on net yield. 0.9% below the national median.

All garages in Roeselare · Map with rent per street

Garage box in Saint-Gilles: 40 for sale, net yield 3.1%

Saint-Gilles: median asking price €25,500, estimated rent €119 a month, gross 6.0%, net 3.1% (middle half 2.5% to 4.1%). Total purchase cost at the median: €30,877. That ranks 4 of 31 cities on net yield. 0.8% above the national median.

All garages in Saint-Gilles · Map with rent per street

Garage box in De Panne: 38 for sale, net yield 1.8%

De Panne: median asking price €42,500, estimated rent €120 a month, gross 3.4%, net 1.8% (middle half 1.5% to 2.1%). Total purchase cost at the median: €50,172. That ranks 24 of 31 cities on net yield. 0.4% below the national median.

All garages in De Panne · Map with rent per street

Garage box in Uccle: 38 for sale, net yield 3.0%

Uccle: median asking price €29,950, estimated rent €130 a month, gross 5.6%, net 3.0% (middle half 2.4% to 3.5%). Total purchase cost at the median: €36,006. That ranks 6 of 31 cities on net yield. 0.8% above the national median.

All garages in Uccle · Map with rent per street

Garage box in Koksijde: 36 for sale, net yield 1.7%

Koksijde: median asking price €42,250, estimated rent €117 a month, gross 3.2%, net 1.7% (middle half 1.3% to 2.0%). Total purchase cost at the median: €49,887. That ranks 26 of 31 cities on net yield. 0.5% below the national median.

All garages in Koksijde · Map with rent per street

Garage box in Turnhout: 33 for sale, net yield 2.1%

Turnhout: median asking price €21,500, estimated rent €92 a month, gross 5.1%, net 2.1% (middle half 1.8% to 2.6%). Total purchase cost at the median: €26,159. That ranks 17 of 31 cities on net yield. 0.1% below the national median.

All garages in Turnhout · Map with rent per street

Garage box in Hasselt: 32 for sale, net yield 2.0%

Hasselt: median asking price €25,500, estimated rent €96 a month, gross 4.5%, net 2.0% (middle half 1.5% to 2.2%). Total purchase cost at the median: €30,749. That ranks 19 of 31 cities on net yield. 0.2% below the national median.

All garages in Hasselt · Map with rent per street

Garage box in Schaerbeek: 32 for sale, net yield 3.0%

Schaerbeek: median asking price €28,000, estimated rent €127 a month, gross 5.8%, net 3.0% (middle half 2.7% to 3.7%). Total purchase cost at the median: €33,758. That ranks 5 of 31 cities on net yield. 0.8% above the national median.

All garages in Schaerbeek · Map with rent per street

Garage box in Zaventem: 31 for sale, net yield 3.2%

Zaventem: median asking price €20,000, estimated rent €109 a month, gross 6.5%, net 3.2% (middle half 2.9% to 4.1%). Total purchase cost at the median: €24,438. That ranks 2 of 31 cities on net yield. 1.0% above the national median.

All garages in Zaventem · Map with rent per street

Garage box in Mechelen: 30 for sale, net yield 1.9%

Mechelen: median asking price €28,750, estimated rent €100 a month, gross 4.3%, net 1.9% (middle half 1.7% to 2.5%). Total purchase cost at the median: €34,479. That ranks 21 of 31 cities on net yield. 0.3% below the national median.

All garages in Mechelen · Map with rent per street

Garage box in Etterbeek: 29 for sale, net yield 2.8%

Etterbeek: median asking price €32,500, estimated rent €125 a month, gross 5.2%, net 2.8% (middle half 2.4% to 3.0%). Total purchase cost at the median: €38,928. That ranks 12 of 31 cities on net yield. 0.6% above the national median.

All garages in Etterbeek · Map with rent per street

Garage box in Forest: 29 for sale, net yield 3.0%

Forest: median asking price €30,000, estimated rent €120 a month, gross 5.8%, net 3.0% (middle half 2.3% to 3.3%). Total purchase cost at the median: €36,064. That ranks 7 of 31 cities on net yield. 0.7% above the national median.

All garages in Forest · Map with rent per street

Garage box in Bredene: 28 for sale, net yield 1.9%

Bredene: median asking price €34,000, estimated rent €113 a month, gross 3.8%, net 1.9% (middle half 1.5% to 2.0%). Total purchase cost at the median: €40,476. That ranks 23 of 31 cities on net yield. 0.4% below the national median.

All garages in Bredene · Map with rent per street

Garage box in Charleroi: 26 for sale, net yield 2.9%

Charleroi: median asking price €12,500, estimated rent €83 a month, gross 8.0%, net 2.9% (middle half 2.1% to 3.3%). Total purchase cost at the median: €15,859. That ranks 10 of 31 cities on net yield. 0.7% above the national median.

All garages in Charleroi · Map with rent per street

Garage box in Lier: 26 for sale, net yield 2.0%

Lier: median asking price €24,700, estimated rent €93 a month, gross 4.6%, net 2.0% (middle half 1.8% to 2.4%). Total purchase cost at the median: €29,831. That ranks 18 of 31 cities on net yield. 0.2% below the national median.

All garages in Lier · Map with rent per street

Questions and answers

What is the average return on a garage box in Belgium?
The median gross yield is 4.6% and the median net yield 2.2% (data from 27 October 2026, 2,726 listings).
How much does a garage box cost in Belgium?
The median asking price is €30,000; half of all garages cost between €23,500 and €47,500. With registration duty and notary fees, expect about €36,064 at the median.
How much rent does a garage box earn?
The median estimated rent is €119 a month across all garages and parking spaces, and €138 a month for a lock-up garage.
Is a garage box a good investment?
It depends on the city and the price. The median net yield is 2.2%; it is higher in Anderlecht, Zaventem and Jette and lower in Blankenberge, Roeselare and Knokke-Heist. Entry starts around €30,000 with little upkeep, but growth is limited and resale is harder than for a home. This is not financial advice.
What is the difference between gross and net yield for a garage box?
Gross yield is annual rent divided by the asking price. Net yield subtracts registration duty, notary fees, vacancy and yearly costs and divides by the total purchase cost. The net figure is lower, but closer to what you actually keep.
What purchase costs come on top of a garage?
Registration duty (12% in Flanders, 12.5% in Brussels and 12.5% in Wallonia; the standard rate for a garage bought on its own) plus notary fees including VAT. Together that is about 20.2% on top of the price at the median.
How reliable are the rent estimates?
In validation, our estimate for garages is off by a median 15.0% from the actual asking rent, against 16.7% for a plain city average. See the methodology for details.
In which city does a garage box yield the most?
Net yield is highest in Anderlecht, Zaventem and Jette (3.2% to 3.5%). Gross yield is highest in Charleroi (8.0%), but only 2.9% is left net: at a low price, purchase costs and fixed yearly costs weigh relatively more.
Can I buy a garage box with a loan?
Our net figures assume a purchase without a loan. With a loan, the return on your own money changes; try it in the calculator.

How we calculate

For every listing we estimate the rent from comparable rental listings: first on the same street, then nearby, then city-wide, and only when that is not enough with a model. Gross yield is the annual rent divided by the asking price. Net yield accounts for registration duty, notary fees including VAT, 5% vacancy, property tax, insurance, service charges and maintenance, for a cash purchase. The median error of the rent estimate for garages is 15.0%. Read the full methodology.

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Updated 27 October 2026. PandPeil is an independent, free information project, not affiliated with Immoweb. Figures are aggregated from public listings; estimates, not financial advice.