Property market
Housing bubble
Excessive and unsustainable rise in property prices disconnected from economic fundamentals.
Full definition
A housing bubble is characterized by a rapid, speculative rise in property prices, fueled by easy credit and expectations of future gains. In Belgium, prices have risen almost continuously since the 1990s. Indicators monitored by the NBB include the price/income ratio, price/rent ratio, and household debt ratio.
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Excessive and unsustainable rise in property prices disconnected from economic fundamentals.