For the purchase of a house you better not wait too long!
There are no ready-made answers when it is best to buy a home in Belgium. A lot depends on various factors such as the budget you have in mind. It's simple for the banks: with more ownership you get more adventageous loans and the banks prefer to come to you. Apart from the exceptions, a contribution of 20% is the best chance of an attractive loan. Please note that you do not spend more then 30% of your net pay on redemption.
Historical low interest rates!
Interest rates are historically low. One more reason to switch faster than slower in the purchase of a home. In addition, a few big banks stir up the price ware again. For the consumer this means above all: more interesting conditions, especially for those who have high personal input and need a maximum of 20 years for the reimbursement.
Are house prices still falling ?
According to experts, there is a chance that there will be a small fall in prices, but that will most likely be compensated by the rise in interest rates. The price increase is party due to the low interest rates and the great confidence in the Belgian economy.
What about the impact of the new description?
From the present there is no question of the familiar small and large description. From now on you always pay 7% registration fees on your first home. In most cases, the new legislation will make th epurchase of a house a little cheaper - up to now, a 10% write-up applied to most homes. The only house of less then 200.000 euros an exemplation from registration fees on the first disk of 15.000 euros.
Did you build or renovate sustainably?
Then you have a dash in obtaining a good loan. The so-called energy loans are both attractive rates when you invest in heating boilers, double glazing, roof insulation or solar panels. Those who renovate a house of 30 years old will have acces to the flemish renovation premium. This yields up to 10.000 euro's. Extra asset: only 6% registration fees are due if you guarantee a thorough energetic renovation within five years after purchase. In short: it is realy attractive at the moment to buy a slightly older house on a relatively low budget and invest time, money and energy in a sustainable renovation.
Those who do not have a green disposition and prefer to avoid heavy work and investments, should buy something that is already well insulated. the energy bill will then stay well within the limits. The EPC of housing will become even more important in the future. Keep that in mind if you plan to sell your property within the foreseeable future.