MORTGAGE
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Leu Mortgage Loans Triple In One Year
The stock of loans banks granted to those looking to buy a home stood at more than 5.9 billion lei (EUR1.34 billion) in mid this year, almost three times higher than in the year-ago period,...
Bankers Sold RON500M Worth Of Mortgage Loans In April
The stock of leu loans banks granted to home buyers stood at more than 4.9 billion lei (EUR1.1 billion) at the end of April, up about half a billion lei on the previous month, according to c...
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...
Number Of Realty Deals In Romania Up 20% In January-May
The number of real estate transactions in Romania increased 20% on the year to 323,419 in the first five months of 2013, while the number of new mortgages registered with national cadastre a...
BCR Says Ready To Help Economy, But Through Leu-Denominated Loans
After extensive restructuring measures, Romania's largest lender Banca Comerciala Romana (BCR) is ready to restart lending to individuals, but only in lei, according to the bank’s strategic...
Bucharest Apartment Rents Higher Than Monthly Mortgage Payments - Survey
Monthly apartment rents in Bucharest are generally higher than monthly mortgage payments, and the difference is 40% in some areas in the Romanian capital, according to website anunturipartic...
Euro Remains By Far Romania's Preferred Currency For Mortgage Loans
Almost 16,000 Romanians bought a house or an apartment on credit last year, but only one in ten chose a loan in Romanian lei.
ING Bank Romania To Grant Household Mortgage Loans Only In Lei As Of 2013
ING Bank Romania will grant household mortgage loans only in lei as of January 1, 2013, due to the risk of taking a loan in foreign currency while people’s income is earned in local currency...
Debt Collectors Eye Mortgage Loans, Can’t Reach Agreement with Banks
Official debt collectors are shifting focus from consumer loans and bills to the market of troubled mortgage loans, which are a bigger business and come with a much higher recovery. They are...