Belgian house prices fall for first time in 12 years, Flanders bucks the trend
Belgian house prices fall for first time in 12 years, Flanders bucks the trend
For the first time in 12 years, Belgian house prices are falling. The figures come from the real estate barometer of the Federation of Notaries (Fednot). Houses are now 0.3 per cent cheaper than last year. But in Flanders, houses still became more ex
I've more or less given up the idea of owning something on my own in any of the cities in Flanders. Unless the housing market really crashes one day, which I think isn't that likely. News like this doesn't really do that much to give me hope: what do I care that prices stabilize or stop growing if it's out of my reach anyway?
I think the solution is taxing second homes while controlling rent prices (so that it's not renters who have to pay that cost) and also make it prohibitively expensive to own more than two places. Huisjesmelkers need to go out of business really fast.
While it would be good. That will never work. It'd be better to create fines if you have property for rent that isn't rented out. That will decrease speculation in property and drive down both rental and property costs.
It's so insane that renting is more expensive than paying off a mortgage so quickly. I pay less than half what it costs some neighbours down the street to rent a house which is virtually identical to mine, except I have a garage and they don't.