“This is a practical proposition meant to help Romanians working abroad buy or build a home in Romania. At the same time, the measure will contribute to a more efficient management and higher degree of utilization of the guarantee budget within the First Home program,” Finance Minister Ioana Petrescu said in a press release Monday.
The measure is included in a draft government decision, drawn up by the Finance Ministry.
Romania launched the First Home program in 2009 and so far granted 123,922 guarantees, a third of which were used in the acquisition of homes built between 2008 and 2013. The average mortgage loan accessed under the program stood at EUR38,210.