Monthly interest rate for new mortgages Belgium rate fixation 1 to 5 years 2019-2023
The interest rate for new mortgages in Belgium with one and up to five years initial rate fixation increased substantially since the beginning of 2022. In AugustĀ 2023, the interest rate was 4.76 percent, up from just over two percent in 2021. As a result of the rising borrowing costs, the total value of new mortgage credits saw a substantial decrease.