While the U.S. housing crisis are in full, as France, Spain and England there is the question of whether there will be a crash or not, real estate is at the Belgian increase (+10% for the year 2007).
two reasons for this increase Moderate:
- the relatively low interest rates have allowed some households to become homeowners. They were able to do even more easily as they have extended the period of repayment. The average refund is in effect from 20 to 25 years.
- Belgium, bankers are more down-to-earth, and it is always the famous rule-third of your monthly income to repay that plays your mortgage. It's actually very down-to-earth, but it averted a financial crisis.
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