These numbers sound meaningless; they should have at least put a histogram of the past 8 years or so. As they mention themselves: 2021 was a boom because 2020 we had lockdowns which included restrictions on showing real estate. If you want to compare this years numbers to anything, it should be to the 2019 numbers.
De volle 2% daling in verkoop!
“Prijzen zijn met 6% gedaald, maar de inflatie is 8% hé, dus de huizen zijn goedkoper geworden.”
Ja zo kan ik ook gelijk krijgen. Zal maar zwijgen over de index zeker ? Het feit dat we *minder* overhouden en niet *meer*.
Lol, iedere paar maanden komen ze hier mee af, alsof mensen ineens geen woning meer nodig gaan hebben, de bevolking niet groeit en de betonstop niet meer bestaat
Prices down 1% but mortgage loans up a lot more, seems more like a direct result of people just being able to borrow a lot less. The effect is way too small and in all practicality, house prices just went up a lot more for everyone except people who would buy a house in full cash, which is a rarity.
Some people seriously underestimate the difference a compounding extra interest on mortgage loans of 1-1.5% makes.
hahaha
There’s a house in the neighbourhood that went from an asking price of 445000 to 325000 euro in a little less then 2 months. They didn’t see what was wrong with the house. They only looked at the perks. And then asked as much as possible.
Anyone who has bought (or tried to buy) a house knows that the raw price is meaningless in the big picture. The only figure that matters is how expensive your mortgage is.
So if interest rates rise from 1.5% to 3+% and house prices stagnate, then no, this is not a sign of the market “cooling down” whatsoever.
The prices might have come down slightly but with mortages around 3% its actually a lot more expensive to buy.
Niemand wilt nog een oud krot kopen. Renoveren kost gemakkelijk 40% meer dan 2 jaar geleden door stijgende materiaalprijzen. Koppel dat aan hoge rente … Ik vermoed dat energiezuinige, instapklare woningen nog vlotjes verkocht raken.
Meanwhile the Flemish Brabant/Leuven market: SIKE, pay me, Bitches!
I honestly don’t see the market slowing down anytime soon.
Yes interest rates are increasing but so what?
When your only alternative is overpriced rented housing after you went through dozens of interviews (Yes, you aren’t visiting an appartement when you want to rent, you are interviewing for the chance of being considered for a rental contract), purchasing will always be the better option until:
– Prices become so high that saving 10% of the price is too hard (Still easily possible in a few years for a single person earning a median salary)
– Rates are so high that the mortgage costs more than the rent of an equivalent appartment/house. (And we are still a few hundreds euros in the green for the mortgage to get a decent 2 bedroom appartment in Brussel).
We are also in a high inflation period which is the best moment to get a mortgage.
Your mortgage reimbursements is static over it’s whole duration but your salary isn’t thanks to the indexation.
So depending on your budget and salary, you may be able to take the hit from a 5 to 10% mortgage rate after January thanks to the indexation mechanism.
And that’s pretty far from the current 3.4 to 4% currently applied for a 20 years 90% loan.
I have no doubts lower income people will have an harder time buying unless they use the wooningfonds of their region.
But if you are middle class or above, right now is the best moment to purchase because it will be cheaper than the only other option and you will compensate any interest increase once your salary becomes indexed.
It’s only going to cool down when recession hits and people start loosing good paid jobs.
13 comments
These numbers sound meaningless; they should have at least put a histogram of the past 8 years or so. As they mention themselves: 2021 was a boom because 2020 we had lockdowns which included restrictions on showing real estate. If you want to compare this years numbers to anything, it should be to the 2019 numbers.
De volle 2% daling in verkoop!
“Prijzen zijn met 6% gedaald, maar de inflatie is 8% hé, dus de huizen zijn goedkoper geworden.”
Ja zo kan ik ook gelijk krijgen. Zal maar zwijgen over de index zeker ? Het feit dat we *minder* overhouden en niet *meer*.
Lol, iedere paar maanden komen ze hier mee af, alsof mensen ineens geen woning meer nodig gaan hebben, de bevolking niet groeit en de betonstop niet meer bestaat
Prices down 1% but mortgage loans up a lot more, seems more like a direct result of people just being able to borrow a lot less. The effect is way too small and in all practicality, house prices just went up a lot more for everyone except people who would buy a house in full cash, which is a rarity.
Some people seriously underestimate the difference a compounding extra interest on mortgage loans of 1-1.5% makes.
hahaha
There’s a house in the neighbourhood that went from an asking price of 445000 to 325000 euro in a little less then 2 months. They didn’t see what was wrong with the house. They only looked at the perks. And then asked as much as possible.
Anyone who has bought (or tried to buy) a house knows that the raw price is meaningless in the big picture. The only figure that matters is how expensive your mortgage is.
So if interest rates rise from 1.5% to 3+% and house prices stagnate, then no, this is not a sign of the market “cooling down” whatsoever.
The prices might have come down slightly but with mortages around 3% its actually a lot more expensive to buy.
Niemand wilt nog een oud krot kopen. Renoveren kost gemakkelijk 40% meer dan 2 jaar geleden door stijgende materiaalprijzen. Koppel dat aan hoge rente … Ik vermoed dat energiezuinige, instapklare woningen nog vlotjes verkocht raken.
Meanwhile the Flemish Brabant/Leuven market: SIKE, pay me, Bitches!
I honestly don’t see the market slowing down anytime soon.
Yes interest rates are increasing but so what?
When your only alternative is overpriced rented housing after you went through dozens of interviews (Yes, you aren’t visiting an appartement when you want to rent, you are interviewing for the chance of being considered for a rental contract), purchasing will always be the better option until:
– Prices become so high that saving 10% of the price is too hard (Still easily possible in a few years for a single person earning a median salary)
– Rates are so high that the mortgage costs more than the rent of an equivalent appartment/house. (And we are still a few hundreds euros in the green for the mortgage to get a decent 2 bedroom appartment in Brussel).
We are also in a high inflation period which is the best moment to get a mortgage.
Your mortgage reimbursements is static over it’s whole duration but your salary isn’t thanks to the indexation.
So depending on your budget and salary, you may be able to take the hit from a 5 to 10% mortgage rate after January thanks to the indexation mechanism.
And that’s pretty far from the current 3.4 to 4% currently applied for a 20 years 90% loan.
I have no doubts lower income people will have an harder time buying unless they use the wooningfonds of their region.
But if you are middle class or above, right now is the best moment to purchase because it will be cheaper than the only other option and you will compensate any interest increase once your salary becomes indexed.
It’s only going to cool down when recession hits and people start loosing good paid jobs.
Dit jaar gekocht dus tien tegen één wel…