The trend we had been noticing on the ground for some time, namely a cooling demand for property due in part to a sharp rise in interest rates, has now been confirmed by the National Bank of Belgium’s Financial Stability Review.
Among other things, the report looks closely at lending in the property market. In response to the effects of rising interest rates, in particular higher monthly repayments, the National Bank recommends that lenders allow longer loan terms.
Goodbye to 20-year mortgages, and hello to 25-year or even 30-year loans?
