Victoire strongly encourages current or future property owners to act without delay if they intend to sell or buy in the coming year.
This recommendation is driven by a significant increase in requests for property evaluations for medium-term sales projects, starting from September 2024.
With a growing demand for apartments and houses, buyers are returning. The wait-and-see approach due to rising interest rates and construction material costs has resulted in a 16% decrease in listings since the beginning of the year.
Environmental constraints are creating strong demand for renovated or to-be-renovated properties, which explains the success of flawless homes or new buildings.
Given the volatility of the stock markets and mortgage rates that remain below inflation, people looking to protect their assets and anticipate future price increases due to labor shortages prefer to buy now.
Victoire observes these trends based on recent sales patterns over the past few weeks.
Moreover, the current market conditions make real estate purchases particularly attractive. Interest rates are starting to decline, and banks are more willing to lend, increasing buyers' solvency.
Additionally, investing in real estate at this time offers protection against inflation and financial market volatility while benefiting from the scarcity of quality properties, which keeps prices high.
Despite longer selling times (up by 20% in the first quarter, now reaching 9 weeks between listing and offer acceptance), supply remains limited, especially for high-quality properties with strong energy certifications.
This scarcity maintains high prices, particularly for flawless exceptional properties, which are Victoire's specialty.
At the same time, the initial drop in interest rates and more favorable lending conditions from banks contribute to increasing buyers' solvency.
Although the number of visits is lower than last year, buyer motivation remains high.
60% of Victoire's clients purchase without taking out a loan, a record level that ensures highly secure sales.
Are you a homeowner and want to find out how much your property is worth?
With years of market experience, our agents know how to set the right price for your property. From the building to the environment, including market data, all factors play a role.
Schedule an appointment now for a no-obligation consultation.
info@victoire.be
02 375 10 10
