Interest rates in Europe right now are rock bottom. You can get a interest rate of around 1.5% if you play out the different banks against each other.
Here's the snag: even though interest rates are rock bottom, house prices have rocketed up. Prices in my country (Belgium) have doubled in the last decade. In 2004, the average house costed about 100000 euros. Now, the same house is about 220000 euros. It's completely insane.

My father was able to buy his house in 1999, earning one wage whilst supporting 3 kids and a housewife. He payed down the mortgage in 15 years on a police officer salary, which isn't that much. How is it me and my girlfriend, who jointly have about 100000 euros which we can spend on the house, can't even get a mortgage below 1000 euros a month?

To be clear: I'm not really looking to "invest" in real estate. If I'd buy a house, it would be a house I can live the rest of my life in. I just don't want to buy right now while I could buy cheaper in the next 2 years when/if a potential crash/correction hits. Conversely, I realize it's pointless to wait forever on buying a house, if you could use that time to pay down a mortgage instead of spending it on rent.

Hoping for any useful insight on the current market status/advice on what we should do.