In the local property rags I am seeing lots of loan companies offering 20 year fixes on 175kEUR for about 750euro per month.
This is, to be honest, rather tempting as it fixes your housing costs for the duration of the loan.
Still, my local belgian friends seem to know sweet FA about the housing market (they dont seem to follow it, even though they are home owners)
Can anyone offer any insight if the market has cooled at all? I am interested in the Hainaut area.
Thanks,
Vae
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Belgium, Anyone Know Anything About The Market There? I am seeing loan ads for 20 year fixes at 4%
#2
Posted 18 April 2009 - 05:44 PM
Indeed the mortgages do look appealing.
I bought in Brussels in 2004 and i want to buy again here as the market is growing more linear here.
A brand new 2 beds in a good location in Brussels was 180,000 . Now it can be easily 280k / 300k.
I think we are having in 2009 a short corrrection and prices went down to the level of 2007.
Anyway for a 2 beds in a good location dont expect to find (if you find!!) a tennents for more than 1000 euro per month charges excluded.
I would be interested to get to know some experiences of the forum around Brussels / Belgiu market and prediction for the future.
I bought in Brussels in 2004 and i want to buy again here as the market is growing more linear here.
A brand new 2 beds in a good location in Brussels was 180,000 . Now it can be easily 280k / 300k.
I think we are having in 2009 a short corrrection and prices went down to the level of 2007.
Anyway for a 2 beds in a good location dont expect to find (if you find!!) a tennents for more than 1000 euro per month charges excluded.
I would be interested to get to know some experiences of the forum around Brussels / Belgiu market and prediction for the future.
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