Belgian mortgage credit contracts fall; renovation and purchase demand drop

Belgian mortgage credit volumes declined, with home renovation and purchase applications down 17.6% and 8.5% respectively, while construction credit rose 4%. Febelfin attributes the drop to a strong 2025 base effect, noting a 3% registration decrease in Wallonia boosted prior approvals. Q3 2026 applications rose after three quarters of decline, suggesting a tentative recovery.

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