Whatever is happening to the housing markets makes no sense. I hope this frenzy will calm down soon.
It’s not funny any more to live in Belgium. Every Price is raising. Electricity, gas, Fuel, food, taxes… We are like lemons who are being squised out. It was a Beautiful Country with, a lot of comfort and luxery but it Will not last for Long anymore
Imagin to rent a house instead? Paying almost as much (or even more) but with the big difference you cant do anything with it you want, might have an asshole-landlord or shitty neighbours. I know some friends that rent at the moment who pay more rent than i pay for my loan and they cant do shit in their house while i know every penny i spend is for my own house.
I get that the prices are going crazy now, but when i bought my house 4 years ago in rural Westvlaanderen, i got a nice price for a new-build home in a real quiet outskirt of my hometown.
I guess its a bit of having some luck? Maybe within a few years its the opposite again and houses are going to be cheap again? It is alays the pendulum effect
To be fair, a lot of regular people are profiting immensely from this environment. Middle class home owners are seeing a huge increase in their real estate value and inflation is eating away their mortgage debt while wages are rising along with that same inflation rate.
The price my parents paid for their house (adjusted for inflation) is roughly equivalent to the down payment I’d need for that same house today.
As a 23 year old student this depresses me, what an expensive future to come
And wait until you start with the renovation…
We need to punish investing in housing. No more than 1 house/person. And companies can’t buy houses.
Let’s be real: we need a national strike until housing is in the index.
Rofl like you could afford cigarettes.
Me before and me after the fuel price hikes
Tfw over 10% of my net income literally being burned to get to work
We buy our home in 2018.
2 chances for us
First was before the pandemic
Second, we live and work close to the French border, house are cheap” here
Ranting are crazy high, but buying is ok.
A lot of my customers buy around, and work in Namur, Charleroi, Mons… They rather do 1h/1h30 and get a big house in the country side than buying a flat our a small house around big city
The one thing I’m think a lot of people are forgetting are the increased demands in terms of isolation requirements. Majority of houses (maybe 90%?) don’t meet stringent requirements in terms of isolation that the government by 2050. A lot of first time buyers just enter bidding wars without really realising the extra cost this entails. furthermore, I’m quite looking forward to what happens to current homeowners of these houses, what will give first: government relaxes their requirements or there is a massive sell-off? My money is on the first since the government can’t force people to renovate houses..
I wonder if there’s future in investing in those pods like deus ex: human revolution, housing prices aren’t going lower due to rising population numbers and lack of supply due to the betonstop
so instead increasing the supply by making a building which can house some few thousand people for a low price can be lucrative
Constant printing of money, ridiculous low interest and this is where you end up. The entire economy is in a massive bubble if comparing simply total debt vs total GDP. Point being, it’s nuts and the future is too uncertain for me (personally) to buy property now.
Me just waiting for a housing market crash to buy a house..
Can the lower registration fee be a reason why housing prices raise?
House 300k: very old system: 30k registration rights: total budget 330k
New system: 9k registration fee so you could price the house at 321k and actually be fishing in the market for people with the same budget as before.
just become homeless already
If it makes you feel any better: it’s not just Belgium. This is happening in a lot of countries.
Look at me trying to enter housing market with no houses available except the ones way above my price range
blij dat ik mijn huis in 2019 gekocht en verbouwd heb. de prijzen zijn niet normaal van de huizen en het bouwmateriaal staat ook super duur.
AHS fans ❤️🩹
it’s crazy to see even more expensive houses (> 500 000 euro) are being sold like crazy…
Either banks are giving very attractive loans, and/or the average Belgian is far richer than they let to believe………………………. Or the upper middle classes are buying up all real-estate in a move that will widen the gap between rich and poor even more…
I’m super lucky I was able to buy my childhood house.
It’s still quite affordable outside of Brussels, tho. But probably not for long, since many households chose to move outside of Brussels after the first lockdown. I think that in 2-3 years, prices will go a bit down in Brussels, while it will go up in the other regions. New housings will replace the business offices that are being vacated, and they’ll probably be more affordable.
You are able to buy a house.. I just can’t.
We just signed a compromise for a house in Tervuren… know the feeling
I missed out on 3 houses before buying this one.
Shady tactics by immo houses are only making the more wealthy get a home buy outbidding. And believe me people outbid others by huge margins. Lowball bids under ask? Forget it. Asking price. Lol fuck off. 25% above asking is now the norm from what i hear.
I google the law on bidding when buying. I went to an open house with 3 other potential buyers. The house just did a drop in price. I made an offer 10k under ask. And asked the immo lady to make a call to the selling party while inwas there. Dude on the phone went banana’s and didn’t want to do a single cent under asking. 10 minutes go by and i tell/ask my wife. This house? We buy it? She said yes.
I go to the immo lady again. I said: i will offer full asking price. Put my bid on email right now and because of that we would get the house and the other couples can be informed? And she agreed. Offered, she called, deal was done, she even told the other couples straight away… I wasn’t going to stand there and be outbid.
Good thung we missed the first 3 tho 😆
its depressing. Most houses are sold before they even hit the market. And if a house stays for sale for more than a couple days there is obviously something really wrong with it
My apartment building in Ixelles has 8 stories, It was privately owned up until recently when an investment firm bought it directly from the owner. It didn’t even go on the market. We understand they made him an offer he couldn’t refuse.
These are the people you and I are competing with for home ownership. Government needs to step in or the youth of the country will be renters for their entire lives. Protest time.
Is it *that* bad?
Can’t wait for a market crash to happen soon, tbh
I will start looking for a house in about a year and a half. I’m so fucked
I used to have a good outlook on life thinking I could finally move out of my parents house when I started working…
35 comments
Whatever is happening to the housing markets makes no sense. I hope this frenzy will calm down soon.
It’s not funny any more to live in Belgium. Every Price is raising. Electricity, gas, Fuel, food, taxes… We are like lemons who are being squised out. It was a Beautiful Country with, a lot of comfort and luxery but it Will not last for Long anymore
Imagin to rent a house instead? Paying almost as much (or even more) but with the big difference you cant do anything with it you want, might have an asshole-landlord or shitty neighbours. I know some friends that rent at the moment who pay more rent than i pay for my loan and they cant do shit in their house while i know every penny i spend is for my own house.
I get that the prices are going crazy now, but when i bought my house 4 years ago in rural Westvlaanderen, i got a nice price for a new-build home in a real quiet outskirt of my hometown.
I guess its a bit of having some luck? Maybe within a few years its the opposite again and houses are going to be cheap again? It is alays the pendulum effect
To be fair, a lot of regular people are profiting immensely from this environment. Middle class home owners are seeing a huge increase in their real estate value and inflation is eating away their mortgage debt while wages are rising along with that same inflation rate.
The price my parents paid for their house (adjusted for inflation) is roughly equivalent to the down payment I’d need for that same house today.
As a 23 year old student this depresses me, what an expensive future to come
And wait until you start with the renovation…
We need to punish investing in housing. No more than 1 house/person. And companies can’t buy houses.
Let’s be real: we need a national strike until housing is in the index.
Rofl like you could afford cigarettes.
Me before and me after the fuel price hikes
Tfw over 10% of my net income literally being burned to get to work
We buy our home in 2018.
2 chances for us
First was before the pandemic
Second, we live and work close to the French border, house are cheap” here
Ranting are crazy high, but buying is ok.
A lot of my customers buy around, and work in Namur, Charleroi, Mons… They rather do 1h/1h30 and get a big house in the country side than buying a flat our a small house around big city
Als je de bigger picture wilt zien hieromtrent [https://youtu.be/WpLsRtnfzuo](https://youtu.be/WpLsRtnfzuo)
The one thing I’m think a lot of people are forgetting are the increased demands in terms of isolation requirements. Majority of houses (maybe 90%?) don’t meet stringent requirements in terms of isolation that the government by 2050. A lot of first time buyers just enter bidding wars without really realising the extra cost this entails. furthermore, I’m quite looking forward to what happens to current homeowners of these houses, what will give first: government relaxes their requirements or there is a massive sell-off? My money is on the first since the government can’t force people to renovate houses..
I wonder if there’s future in investing in those pods like deus ex: human revolution, housing prices aren’t going lower due to rising population numbers and lack of supply due to the betonstop
so instead increasing the supply by making a building which can house some few thousand people for a low price can be lucrative
Constant printing of money, ridiculous low interest and this is where you end up. The entire economy is in a massive bubble if comparing simply total debt vs total GDP. Point being, it’s nuts and the future is too uncertain for me (personally) to buy property now.
Me just waiting for a housing market crash to buy a house..
Can the lower registration fee be a reason why housing prices raise?
House 300k: very old system: 30k registration rights: total budget 330k
New system: 9k registration fee so you could price the house at 321k and actually be fishing in the market for people with the same budget as before.
just become homeless already
If it makes you feel any better: it’s not just Belgium. This is happening in a lot of countries.
Look at me trying to enter housing market with no houses available except the ones way above my price range
blij dat ik mijn huis in 2019 gekocht en verbouwd heb. de prijzen zijn niet normaal van de huizen en het bouwmateriaal staat ook super duur.
AHS fans ❤️🩹
it’s crazy to see even more expensive houses (> 500 000 euro) are being sold like crazy…
Either banks are giving very attractive loans, and/or the average Belgian is far richer than they let to believe………………………. Or the upper middle classes are buying up all real-estate in a move that will widen the gap between rich and poor even more…
I’m super lucky I was able to buy my childhood house.
It’s still quite affordable outside of Brussels, tho. But probably not for long, since many households chose to move outside of Brussels after the first lockdown. I think that in 2-3 years, prices will go a bit down in Brussels, while it will go up in the other regions. New housings will replace the business offices that are being vacated, and they’ll probably be more affordable.
You are able to buy a house.. I just can’t.
We just signed a compromise for a house in Tervuren… know the feeling
I missed out on 3 houses before buying this one.
Shady tactics by immo houses are only making the more wealthy get a home buy outbidding. And believe me people outbid others by huge margins. Lowball bids under ask? Forget it. Asking price. Lol fuck off. 25% above asking is now the norm from what i hear.
I google the law on bidding when buying. I went to an open house with 3 other potential buyers. The house just did a drop in price. I made an offer 10k under ask. And asked the immo lady to make a call to the selling party while inwas there. Dude on the phone went banana’s and didn’t want to do a single cent under asking. 10 minutes go by and i tell/ask my wife. This house? We buy it? She said yes.
I go to the immo lady again. I said: i will offer full asking price. Put my bid on email right now and because of that we would get the house and the other couples can be informed? And she agreed. Offered, she called, deal was done, she even told the other couples straight away… I wasn’t going to stand there and be outbid.
Good thung we missed the first 3 tho 😆
its depressing. Most houses are sold before they even hit the market. And if a house stays for sale for more than a couple days there is obviously something really wrong with it
My apartment building in Ixelles has 8 stories, It was privately owned up until recently when an investment firm bought it directly from the owner. It didn’t even go on the market. We understand they made him an offer he couldn’t refuse.
These are the people you and I are competing with for home ownership. Government needs to step in or the youth of the country will be renters for their entire lives. Protest time.
Is it *that* bad?
Can’t wait for a market crash to happen soon, tbh
I will start looking for a house in about a year and a half. I’m so fucked
I used to have a good outlook on life thinking I could finally move out of my parents house when I started working…