Quarterly distribution of new mortgage loans in Belgium 2015-2022, by rate fixation
In recent years, the housing market in Belgium remained stable. This was due to Belgium's fiscal system. When purchasing a house in Belgium, consumers pay the asking price plus ten (in Flanders) or 12 percent (in Wallonia and the Brussels capital region) in registration rights. This makes buying a house in Belgium a long-term investment. Between the fourth quarter of 2014 and the fourth quarter of 2020, the house price index of Belgium increased from 142.73 to 173.12, whilst the indices of Luxembourg and the Netherlands increased from 137.79 to 229.77 and 91.79 to 137.3 respectively in the same period. In July 2021, the confidence indicator of the construction sector in Belgium reached a level of approximately 0.2 percent which was lower than the European average or 2.5 percent.