Short-term letting in Spa
At a glance
The short-term rental market
In 2024, tourist accommodation in Spa recorded 167,609 nights (IWEPS).
2025, in the district: 828,623 nights via platforms (Eurostat), 62% foreign.
Short-term rental income in Spa
According to AirDNA, a short-term rental in Spa achieves on average 49 % occupancy at €200 a night, or about €31,100 in revenue per year. These are market averages: a well-presented, well-located home priced daily often does better, an average one does worse.
Source: AirDNA, market data for June 2026 (181 listings), converted from US dollars to euros at the ECB rate of 12/06/2026 (1.1567 $ per €1). Indicative figures, no guarantee of results.
Property prices
- €190,000 : median sale price of a flat in 2025 (half of sales between €135,000 and €240,000, from 46 sales) — in line with the average.
- €275,000 : median sale price of a house in 2025 (half of sales between €207,000 and €362,500, from 99 sales) — 9% above the median of the region’s municipalities.
Spa compared with neighbouring municipalities
With a median flat at €190,000, Spa ranks 14th of 26 municipalities in the province of Liège, from most to least expensive.
By population (9,923 residents), Spa ranks 35th of 84 municipalities in the province of Liège.
For tourist nights in 2024 (167,609), Spa ranks 5th of 52 municipalities in the province of Liège.
The largest municipality nearby is Verviers, 10 km away (56,182 residents).
| Municipality | Distance | Residents | Flat (2025 median) | House (2025 median) | Tourist nights 2024 |
|---|---|---|---|---|---|
| Spa | — | 9,923 | €190,000 | €275,000 | 167,609 |
| Theux | 6 km | 12,185 | — | €300,000 | 81,398 |
| Pepinster | 9 km | 9,381 | — | €219,000 | 5,535 |
| Stoumont | 10 km | 3,243 | — | — | 37,147 |
| Verviers | 10 km | 56,182 | €161,750 | €228,500 | 43,441 |
Sources: Statbel, STATEC, Observatoire de l’Habitat, IWEPS. Straight-line distances between municipal centres; rankings computed over the municipalities for which the figure is published.
Our advice for Spa
Spa gave its name to every “spa” in the world, and since 2021 it has been one of the Great Spa Towns of Europe on the UNESCO World Heritage List. Its appeal rests on three pillars worth understanding before you buy: wellness and thermal bathing, the nature of the Fagnes uplands and surrounding woods, and the nearby Spa-Francorchamps circuit.
Three kinds of guest, three calendars
Wellness seekers head up the hill to the Thermes, wander between the Pouhon Pierre le Grand, the casino and the Galeries Léopold II, and look for a cosy place for two or three nights, all year round. Walkers and families come for Lake Warfaaz, the waymarked trails and the springs scattered through the forest; they want space, a garden and somewhere to leave bikes and muddy boots. Finally, motorsport and festival crowds: the circuit, which lies in the neighbouring municipalities, draws visitors who book very early for the big races, and the Francofolies music festival fills the town in July. A large share of these travellers come from Flanders, the Netherlands and Germany.
Our recommendations
- Design for the end of a long walk: efficient heating, a generous shower, a wood burner or fireplace where the building allows, and a well-equipped kitchen for evenings in.
- Speak your guests’ language: a listing and welcome guide in Dutch, English and ideally German noticeably improve conversion.
- Plan for parking: the centre is compact and spaces vanish on busy days, so a private spot is a real asset.
Frequently asked questions
What does a property in Spa cost for a short-term rental project?
In 2025, a flat sold for a median of 190 000 € (half of sales between 135 000 € and 240 000 €, out of 46 sales); a house sold for a median of 275 000 € (half of sales between 207 000 € and 362 500 €, out of 99 sales) in Spa (Statbel). Before buying, compare that price with a realistic short-term rental income and booking calendar: Hexuvium sends you a free income estimate for the property you have in mind, based on comparable homes.
Does Spa attract tourists?
Tourist accommodation in Spa counted 167 609 overnight stays in 2024. Most are leisure stays: a home well equipped for families and groups of friends, with parking, outdoor space and a full kitchen, stands out clearly from what is already on offer.
Where do guests staying in Spa come from?
In 2025, the district counted 828 623 nights booked through platforms, 62% of them by guests from abroad (Eurostat). A listing written in several languages, a clear welcome message in English and simple arrival instructions make the difference with these guests.
Can you let short-term in Spa without living nearby?
Yes. Hexuvium handles the listing on the platforms, messages with guests, self check-in, cleaning between stays and small repairs. You follow your bookings and income in your owner portal, without having to travel.
Sources and update
Public figures, sources at the bottom; past results, not guaranteed.