Evolution of mortgage credit in January 2019
1 February 2019 - 3 min Reading time
The number of credit applications in January 2019 increased by 5.6% compared to January 2018. The total amount of these applications was 10% higher. In January 2019, the number of granted loans increased by just over 8%. In terms of amount, more than 10% more credit was granted than in January 2018.
These figures are based on the mortgage credit barometer data from the Professional Association of Credit (BVK).
Om de evolutie van het hypothecair krediet sneller te kunnen volgen, stelt de Beroepsvereniging van het Krediet (BVK) sinds begin 2009 een hypothecaire-kredietbarometer op. Deze barometer geeft elke maand de evolutie weer van het aantal en volume nieuw toegekende en aangevraagde hypothecaire kredieten van de voorbije maand, in vergelijking met dezelfde maand van het voorgaande jaar. De vermelde percentages hebben betrekking op omzeggens de totaliteit van de BVK-markt van hypothecaire kredieten.
De onderliggende absolute cijfers worden op trimestriële basis vrijgegeven via een persbericht van Febelfin.
Credit Applications
The following chart shows the evolution of credit applications, in amount and number, for the past twelve months. The monthly figures are compared to those of the same month in the previous year.
In January 2019, the number of applications for a mortgage loan increased by 5.6% compared to January 2018. In terms of amount, there was also an increase of 10% compared to the previous year.
The increase in the number of credit applications occurred in many areas: loans for the purchase of a home (+9.5%), home renovations (+2%), purchases with renovation (+29%), and for other real estate purposes (+25%). The number of credit applications for the construction of a home decreased (-5%), as did the number of external refinancing applications (-11%).
Granted mortgage loans
The following chart shows the evolution of granted mortgage loans, in number and amount, for the past twelve months. The monthly figures are compared to those of the same month in the previous year.
In January 2019, the number of granted mortgage credit agreements was more than 8% higher than in January 2018. The corresponding loan amount also increased by more than 10%.
The increase in the number of granted loans occurred in all areas: loans for the purchase of a home (+6%), for the construction of a home (+14.5%), for home renovations (+5.5%), for purchases with renovation (+16%), and for external refinancing (+18%).