The Belgian had more than ever a brick in his stomach in 2019

The Belgian had more than ever a brick in his stomach in 2019

After Central Credit, it’s the turn of Febelfin and the UPC to release its figures on mortgage loans. And it turns out that 2019 is shaping up to be a banner year.

Close to 310,000 contracts mortgage loans have thus been concluded for a total amount of some 42 billion euros (excluding refinancing). It’s about a 16% increase in demand and 17% in amounts. This increase is found both in credits intended for construction and in those for transformation or purchase with transformation.

The boom was spectacular in the last quarter (still excluding refinancing): +32% of demand (108,000 contracts), + 30% of amounts (14.7 billion euros).

How to explain such a progression?

This unprecedented level of loans can be explained by various factors.

> Rates are still very low. In August, these rates ranged between 1.61% (for variable rate loans with an initial rate fix period of more than 10 years) and 2.05% (for with an initial rate fix period of more than 1 year and up to 5 years).

Finally, Febelfin indicates that, despite these record results, banks continue to be cautious in the granting of credits “taking into account the ability to repay”. However, the failure rate remains below 1%.

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