This year’s lowest for mortgage loans so far has been June, only RON0.9 billion.
The boost to the new retail mortgage loans in lei in the fall months may have come from the government backed ‘Noua casa’ (New Home) scheme that started at the beginning of the fall and doubled loan cap for new homes to EUR140,000, while the minimum down payment tripled from 5% to 15%.
Except June, the new mortgage loans in lei were higher than RON1 billion each month in January-October.
The volume of new mortgage loans in lei stood at more than RON11.5 billion in the first ten months of 2020, RON860.4 million or 8% higher than in the year-ago period.
New mortgage loans in euros amounted to more than EUR3.3 million (more than RON16 million) in October, half the October 2019 level and to more than EUR64.9 million (EUR313.8 million) in January-October, about EUR7 million or 12% higher than in the same time in 2019.
Total new retail mortgage loans in lei and euros reached some RON11.9 billion in the first ten months of 2020, 8.2% more than in January-October 2019.
(English version by Loredana Fratila-Cristescu)