Most Important Factors When Choosing a Residential Rental Property
Searching for a rental property can be a daunting experience, especially with so many factors to consider. The recent Belgium Residential Tenant Survey 2024, conducted by CBRE, provides insight into the preferences and priorities of tenants in Belgium. With 1,055 tenants participating, the research reveals key trends and demographics that help tenants make their decision.
Rent Price: The Most Important Factor
The survey found that rent price is the most crucial factor when choosing a rental property. A whopping 79% of respondents indicated that rent price is extremely important. This highlights the financial pressures that tenants experience and the need to stay within their budget.
Most Important Factors When Looking for a Rental Property
| Factor | Percentage “important” or “very important” |
|---|---|
| Rent Price | 79% |
| Safety of the Neighborhood | 67% |
| Public transport | 58% |
| Shops and services nearby | 56% |
| Distance to work | 54% |
| Green environment | 45% |
| EPB/EPC label | 43% |
| Parking | 33% |
| Proximity to schools | 20% |
Safety and Facilities
After the rent, the safety of the environment is an important consideration. 67% of tenants consider this an important or essential factor. This underlines the importance of a safe living environment, especially for families and single tenants. In addition, proximity to shops and services (56%) and public transport (58%) are also crucial. These facilities make daily life easier and increase the quality of life.
Location and Work
The distance to work is another important factor. Approximately 54% of tenants consider this important. It is clear that good accessibility of the workplace plays a major role in the choice of a rental home. This is especially relevant at a time when many people prefer a good work-life balance.
Green Spaces and Sustainability
In addition to practical considerations, green environments (45%) and energy performance (EPB/EPC label, 43%) are also important. Tenants are increasingly interested in sustainability and a healthy living environment. This shows that choosing a rental property is not just about costs, but also about health and well-being and energy efficiency.
Conclusion
Choosing a rental property goes beyond just the rent. Safety, amenities, and location are all important factors that tenants consider. The results of the Belgium Residential Tenant Survey 2024 provide a clear picture of the wishes and needs of tenants in Belgium and highlight the challenges they face in their search for an ideal home.
For more information: Belgium Residential Tenant Survey 2024
