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Economics & Business News

More than 45,000 Belgians are no longer able to pay off their mortgage

According to figures from the Central Credit Information Bureau for individuals (March 31, 2015), 45,782 Belgians are no longer able to pay off their mortgage. This is 4.5% more than a year ago, reported on Wednesday Sudpresse newspaper. The financial failure also was observed in the number of defaulting contracts: 34,474 (5.6% more than in March 2014) for a total amount of 1,338,143,000 euros (+ 10.9% in one year).

Another subject of concern is the failure of 215,102 Belgians to repay the loans. This is 6.2% more than in March 2014 that amounts 489,459,000 euros (+ 2% in one year).

More than 45,000 Belgians are no longer able to pay off their mortgage