Of the total mortgage loans brokered by the company last year, 42% were for new properties completed after 2021, 24% for properties built between 2010 and 2020, 10% for properties built before 1977 and 24% for properties built between 1977 and 1990, company data show.
KIWI Finance’s revenue reached RON40 million in 2023, down 9% from the previous year, as a result of the trend of the lending market in 2023, which saw a sharp drop in mortgage loans and purchase appetite in the first part, and the consolidation of the downward trend in interest rates in the second, the reduction of new real estate supply, as well as the change in VAT on purchases, which strongly reversed customer behavior, demand increased and mortgage loans recovered the stagnation of the first half.
(English version by Loredana Fratila-Cristescu)