Barring any major unforeseen events, analysts are forecasting several rate cuts, which should take effect in the second half of 2024 and in 2025.
This means that financing conditions are set to improve compared with previous months, making it worth considering taking out a housing loan.
What does the bank look at when granting a housing loan?
Numerous criteria are taken into account, including your repayment capacity, your personal contribution, your real guarantees, etc.
It is in the customer's interest for the bank to analyse applications, considering the customer's situation over the full term of the loan.
The new government has announced numerous measures that should be implemented soon.
These measures include:
The increase in the “Bëllegen Akt” tax credit to EUR 40.000 per person (currently: EUR 30.000) for all deeds signed in 2024, i.e. a maximum of EUR 80.000 for a couple.
Reduction in the capital gains tax rate to 25% of the overall rate for a minimum holding period of two years. From 1 January 2025, capital gains will be taxed at half the overall rate (held for more than 5 years).
Increase in the tax deductibility of interest expenses to EUR 4.000* (currently EUR 3.000) for the year of occupancy and the following five years; to EUR 3.000* for subsequent years (6-10 years) and EUR 2.000* thereafter.
For a long time, this was predicted but never materialised, however over the past year there has been a real fall in property prices. As a result, some property prices have been revised down, and these properties now represent an interesting opportunity.
The housing sector thus remains favourable to buyers, as has been the case for several months now.
Spuerkeess is close to its customers and considers their long-term financial health to be a priority. That's why it will always make sure that a financing application is as sound as possible. And it does so for the benefit of its customers, over the entire term of the loan.
It is important to the bank that its customers can afford to buy the property of their choice and that they are able to repay their loans without difficulty over the entire term.
Spuerkeess is committed to being a reliable partner, and our advisers are on hand to support you in your projects.
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