FIRST HOME
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Government-Sponsored “First Home” Program Boosted Housing Sales In 2013
New housing sales this year in Romania were mainly driven by the government-backed “First Home” mortgage lending program and developers are counting on the program to continue in 2014.
Romania Might Raise Funds For 2013 First Home Program By Extra RON200M
Romania’s government will increase funding for this year’s edition of the state-guaranteed First Home mortgage lending program by extra 200 million lei (EUR45.2 million) for the acquisitions...
“First Home” Mortgage Loans Might Become More Expensive Under New Legislation
“First home” mortgage loans, which will be granted only in lei according to the latest changes to the state-guaranteed mortgage lending program, could go up by an average 8%, considering the...
Government Raises Funds For 2013 First Home Program By RON1B
Romania will increase funding for the state-guaranteed First Home mortgage lending program by 1 billion lei (EUR227 million), of which RON300 million will be available for the acquisition of...
Government Considers Raising Funds For First Home Mortgage Lending Program
Romanian authorities are looking to increase funding for the state-guaranteed First Home mortgage lending program, as current financing is estimated to be depleted in September-October, and...
Financing For 2013 First Home Program To Be Depleted In Three Months
Financing through this year’s state-guaranteed First Home mortgage lending program has reached EUR490 million and 13,000 beneficiaries, and the remaining EUR300 million will be depleted in t...
Banks Book EUR3.6B Income Through “First Home” Program
The state-guaranteed “First Home” program launched in 2009 is close to running out of funds, with EUR160 million left for loans. Banks have granted 92,000 “First home” loans out of a total p...
BRD Granted Over EUR900M In Mortgage Loans Under First Home Program
Romanian lender BRD Groupe Societe Generale granted mortgage loans totaling over EUR900 million under the government-backed First Home program, between the summer of 2009 and the end of the...
Financing Through “First Home” Program Reaches EUR3.18B
Financing granted through the state-supported “First Home” program has reached EUR3.18 billion and the default rate is currently 0.1%, according to the National Fund Guaranteeing Loans for S...