Immotheker Finotheker

June 20, 2023


John Romain

John Romain

Fewer home loans

The number of people taking out home loans dropped 36 percent at the start of this year compared to a year earlier. This is mainly due to increased interest rates and inflation. In Flanders, the decline is slightly stronger because EPC requirements are stricter than in other regions.

Energy renovations

Since January 1, you are required in Flanders to renovate your home if that property scores poorly in terms of energy consumption, EPC label E or F. You must renovate these within five years to label D. You are easily at 50,000 euros cost to get a house from F to D. The banks take this into account in their analyses.