Antwerp edges ahead of Brussels on higher occupancy (36% vs 32%).
Head-to-head metrics
| Antwerp | Brussels | |
|---|---|---|
| Median occupancy | 36% | 32% |
| Median daily rate | £77 | £77 |
| Median RevPAR | £18 | £21 |
| Active listings | 1,831 | 4,587 |
| YoY occupancy | +13 pts | +2.4 pts |
| YoY daily rate | +4.6% | +1.1% |
| Regulation risk | — | — |
| Annual night cap | None | None |
| License required | No | No |
Full analysis: Antwerp vs Brussels
Antwerp finishes narrowly ahead of Brussels on our composite of occupancy, revenue per available night and regulation risk — and it is the calendar rather than the price tag doing the work. The twelve-month direction favours Antwerp too: occupancy there moved +13 points while Brussels moved +2.4 points. Antwerp's listings run at 36% occupancy against 32% in Brussels, worth 4 extra points of booked calendar every year. The margin is thin enough that a single strong year in Brussels would close it, so treat the ordering as a lean rather than a verdict.
Antwerp takes both halves of the yield equation, which is less common than it sounds. It charges more per night — £77 against £77 — and still fills more of the year, 36% against 32%. A market that leads on price and utilisation at once is normally one where demand has outrun supply, rather than one where hosts are discounting to keep the calendar busy. RevPAR reflects the double advantage at £21 against £18.
That verdict needs a caveat, because Brussels is not simply the weaker market of the two. Brussels turns its rate and occupancy into £21 per available night against £18 in Antwerp, a 20.3% edge on the only yield figure that nets the empty nights out. Across a full year the median Brussels listing grosses £7,723 against £6,426 in Antwerp. If your model leans on that dimension, the ordering above can reasonably flip.
Neither Antwerp nor Brussels currently has a verified short-term rental regulation record in our register, so the comparison above is a yield comparison only. Regulation is the single largest source of downside in this asset class — an unverified market is an unpriced risk, not an absent one.
The two calendars also behave differently. Antwerp peaks in October at 60.7% and bottoms in February at 38.3%; Brussels runs from 65.2% in October down to 41.1% in February. Both swing by a similar amount across the year, so neither offers meaningfully steadier cash flow than the other.
Who each suits, then. Antwerp suits buyers who want a conventional, lightly regulated entry. It is also the momentum side of this pair. Brussels answers to the same regulatory profile, so the split between them is operational rather than legal. Every figure above comes from the same Inside Airbnb snapshot pipeline on both sides, dated 2025-09, filtered to listings with at least one booking in the last twelve months. Occupancy medians are drawn from 1,049 active Antwerp listings and 2,433 in Brussels.
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