For years, several national and international organisations said the Belgian housing market was overinflated. This is no longer the case. According to the National bank, it is almost stable, De Standaard reported on Thursday. In 2012, the National bank was still worried that the housing market was overinflated at 15%. This is no longer a worry, if we believe its last annual report, which shows an over-inflation of barely 3,6%. This means the market is almost stable. However, prices have not gone down since 2012. On the contrary, prices have gone up by on average 4% over the last three years. However, mortgage rates have gone down, falling to as low as 2,5% for a 20 year loan. This is why properties prices are more in sync with what families can afford to pay.