MORTGAGE
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New Mortgage Loans in Lei Down 17% to RON0.9B in June
June lowered Romanians’ appetite for mortgage loans. New mortgage lending in lei went down compared with the previous months of 2020 and with the year-ago month.
Romanians Took RON37B Consumer And Mortgage Loans From Banks In 2019, A 13-Year Record High
New consumer and mortgage loans in lei and euros taken by consumers from banks reached a new peak in 2019, 36.9 billion lei (EUR7.74 billion), RON1.1 billion more than in 2018 and over RON2...
Two-Room Apartment Installment Down to Less Than 60% Of Net Average Wage From 250% In 2008
The monthly installment to buy a two-room apartment in Bucharest has dropped to less than 60% of the net average wage in the country in September, from 251% in January 2008, at the peak of t...
Banks Step Up Mortgage Lending
Banks have increased their stock of mortgage loans by almost 35% in the past year, which drove the home-buying loans to 42 billion lei (EUR9 billion) at the end of April 2018.
Eurostat: Romania Ranks Fifth In The EU By Percentage Of Population In Arrears With Mortgage
Romania places fifth in a ranking of European Union member states regarding the percentage of population in arrears with mortgage (payments more than 90 days overdue), with 19.7% of its popu...
Government Approves RON2B Budget For 2018 First Home Program
Romania's government on Wednesday approved the 2018 edition of the state-guaranteed First Home program for first time homebuyers with a total guarantee budget of RON2 billion.
BRD Launches Alternative To First Home Program
Lender BRD launches a new mortgage loan for the acquisition or construction of a first home, an alternative to government-guaranteed mortgage lending First Home program, with a minimum down...
Bankers See Mortgage Lending Demand Down In 3Q/2016
Local banks expect the mortgage loan and consumer loan demand on the population segment to drop in the third quarter of 2016 compared with the previous quarters, according to a survey conduc...
Margins Of Euro Mortgage Loans Now Double The Margins Of Leu Loans
The interest margins on leu-denominated mortgage loans is around 3%, while the margin of the euro loans is close to 6%, as Romania is considered much riskier than the euro zone if looking at...