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5.0

Belgian home sales drop 2.2% as mortgage rates push monthly costs up 8.9%

Belgian notaries report a 2.2% year-on-year decline in home sales over the past three months, attributed to sharply higher mortgage rates. Monthly mortgage payments are now 8.9% higher than a year ago, while house prices continue to rise, indicating affordability strain.

VRT NWS1 day agoBECredibility 12%View source

Score Breakdown

Mosaic Score5.0
Model confidence0.7
Significance0.5
Source credibility0.1

Intelligence Tags

#real estate#mortgage rates#housing market#belgium#interest rates
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