The higher interest rates weigh heavily on mortgages. According to Immotheker Finotheker’s interest rate barometer, the average interest rate for a fixed-rate home loan over 20 years (if you borrow a maximum of 80 percent of the value of a property) is already 3.24 percent. For those who have to finance more than 80 percent with that loan, the average interest rate is already climbing to 3.47 percent. For the last year, these are increases of 1.86 and 1.97 percent respectively.
This means that mortgage loans will become more expensive for those who buy a new home. A small consolation for those who buy: the real estate barometer of Notaris.be shows that real estate prices continued to rise last year, but less than inflation. That basically means that prices there have fallen compared to inflation.
