According to FNGCIMM, the number of applications for First Home program has faced an increase above expectations lately, while the RON500 million the government allotted in September as additional funding to the program have already been spent.
Tuesday, the guarantee budget for First Home program was been raised by an additional RON400 million.
FNGCIMM granted around 126,200 guarantees under the First Home program between 2009 and 2014, for loans totaling around RON4.8 billion.
In 2014, it granted approximately 20,500 guarantees, for loans totaling around EUR736 million.
Bucharest ranks first by the number of applications, with 23.5%, followed by Ilfov with 13.6%, Cluj with 7.1 %, Timis with 5.5 % and Constanta, Brasov, Sibiu and Iasi with 3-5%.