The National Bank of Belgium published statistics on key developments in the Belgian mortgage market in 2025, showing a sharp expansion in new lending for house purchases and a marked increase in average loan sizes. New mortgage lending volume rose to EUR 40.7bn in 2025 from EUR 31.7bn in 2024, with an annual growth rate of 3.9% compared with around 2.0% in each of the previous two years. The share of new loans for purchasing real estate, with or without renovation works, remained broadly stable at around 75.0%, while the share for new builds fell from 14.1% to 11.0% over two years. Excluding refinancings, the average new loan value increased to EUR 187,632 from EUR 168,656, mainly reflecting larger mortgage loan sizes, and long-term contracts remained the most common product type at 74.3% of average monthly volumes despite rising interest rates on new long-term contracts.
National Bank of Belgium 2026-02-05
National Bank of Belgium reports Belgian mortgage lending surged to EUR 40.7bn in 2025
The National Bank of Belgium reported a significant rise in new mortgage lending for house purchases in 2025, with volumes increasing to EUR 40.7 billion from EUR 31.7 billion in 2024 and average loan sizes growing to EUR 187,632. Despite rising interest rates, long-term contracts remained prevalent, comprising 74.3% of average monthly volumes.