The prime minister added that two-room apartments account for the largest share of guarantees, most of which were issued in Bucharest, Cluj-Napoca and Timisoara.
The “First Home” program was launched in 2009, providing state guarantees for mortgage loans up to EUR60,000, and, since 2010, up to EUR70,000 for homes not yet built and EUR75,000 each for new homes bought by persons organized in associations.
In March, the Government decided to reduce the state guarantee to half and allow people who already own a home of no more than 50 square meters to access the program.