Buying a home as a single person: it’s possible (and here are your options)

More and more singles are taking the plunge and buying their own homes. In Belgium, 36% of households consist of people living alone. That’s no fewer than 1.8 million people. And although it sometimes seems as though singles don’t stand a chance in the housing market, recent figures show that the opposite is true. More and more singles are taking the plunge and buying their own homes, despite rising real estate prices.

Why now is actually a good time to buy

Housing prices are indeed high, but at the same time, interest rates have fallen again in 2024 for the first time in years. This means lower monthly payments and, therefore, more breathing room, especially for single people. However, interest rates are volatile, so anyone buying a home now can take advantage of favorable terms. In addition, the traditional benefits of homeownership naturally still apply:

• You build equity instead of paying rent.

• You have peace of mind when it comes to your housing: no unexpected evictions or rent hikes.

• You have complete freedom to decorate your home however you like.

What are your options as a single buyer?

You might not be able to afford a spacious villa right away, but that doesn’t mean your options are limited. On the contrary: the real estate market is adapting to the realities of single-person households. Consider:

• Studios and apartments – Compact, affordable, and perfect for singles.

• Compact new-build homes – More expensive, but energy-efficient and move-in ready.

• Townhouses – Often affordably priced, yet spacious enough for one person.

Or why not consider some alternative options?

• Tiny houses – For those who consciously choose simplicity and sustainability.

• Living with a friend or family member – Share a home, save money, and maintain your privacy.

Renting out a room – Extra income can significantly reduce your monthly expenses. Be sure to follow the regulations.

Why not take a look outside the city?

Living in the city center is nice, but it’s often more expensive. If you’re willing to look a little beyond the city limits, you’ll often find better value for your money. Real estate prices can vary significantly by region and municipality. So be sure to check the prices per square meter in your area.

Smart Shopping on a Limited Budget

Not every single person has savings or support from family. Fortunately, there are alternatives:

• Social loans or grants for renovations can make a real financial difference.

• Start small—for example, with a studio—and build up your capital step by step.

• Look for properties with potential: a home with an outdated kitchen might be less appealing to others, but it could be just the opportunity you need to get in at a good price.

A mortgage loan? Absolutely.

Many singles wonder whether they can secure a loan on their own. But as long as your income is stable and you borrow responsibly, there’s a good chance a bank will be willing to work with you. Don’t forget: you’ll usually need at least 10% of the purchase price as a down payment. Also keep in mind additional costs such as notary fees and taxes.

What if you find a partner later on?

Great news! You don’t have to worry about your property. That said, it’s a good idea to set clear terms—for example, through a cohabitation agreement or by adding your partner as a co-borrower on the loan. Before you know it, you’ll have an appointment with the notary—now that’s a different kind of date!

More and more young singles are entering the housing market

Figures from the Federation of Notaries show that young singles (aged 26 to 30) are particularly likely to take the plunge. When it comes to apartment purchases, they account for a quarter of all single buyers. And notably, singles are now buying real estate more often than couples. Apartments are particularly popular among singles in Antwerp (61%), while those living alone in West Flanders are relatively more likely to buy a house. The trend is clear: singles are more active than ever in the real estate market. And that is no coincidence. They no longer want to wait for “the right person” or “the ideal moment.” They are choosing independence and investing in their future.Are you single and dreaming of owning your own home? Don’t let that discourage you. At Altro Vastgoed, we’re happy to guide you through the process step by step: from finding a home that fits your budget to securing a loan you can afford. Stop by or contact us. Together, we’ll explore your options—because even if you’re on your own, you’re not alone.