Evolution of mortgage credit in November 2019
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The number of credit applications increased by 34% in November 2019 compared to November 2018. The corresponding total amount of these applications was also more than 30% higher. The announced abolition of the housing bonus in Flanders is undoubtedly one of the reasons for this.
In November 2019, the number of granted credits increased by 28%. In terms of amount, more than 24% more credit was also granted than in November 2018. This is undoubtedly a result of the announced abolition of the housing bonus in Flanders.
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 graph shows the evolution of credit applications, in terms of amount and number, for the past twelve months. The monthly figures are compared to those of the same month in the previous year.
In November 2019, the number of applications for a mortgage loan increased by 34% compared to November 2018. In terms of amount, there was also an increase of just over 30% compared to the previous year.
The increase in the number of credit applications occurs in all areas: loans for the purchase of a home (+16%), for the construction of a home (+55%), for the renovation of a home (+95%), for the purchase with renovation (+15%), and for other real estate purposes (+4%). The number of applications for external refinancing (+48%) also increased.
Granted mortgage loans
The following graph shows the evolution of granted mortgage loans, in terms of number and amount, for the past twelve months. The monthly figures are compared to those of the same month in the previous year.
In November 2019, the number of granted mortgage credit agreements was 28% higher than in November 2018. The corresponding credit amount also increased by just over 24%.
The increase in the number of granted credits also occurs in all areas: credits for the purchase of a home (+13%), for the construction of a home (+45%), for the renovation of a home (+59%), for the purchase with renovation (+11%), and for external refinancing (+50%).