About 63% of people who want to apply for mortgages choose houses completed after 2010 or in construction and 40% are working in a multinational company, according to an analysis made by online broker Ipotecare.ro and the financial consulting and mortgage credit SVN Credit Romania. According to a press release, most people who buy houses using martgages (about 42%), are woring in small companies or obtain incomes from alternate source, such as royalties, or dividends, while 18% are working in state owned companies or in the budget system. While most people want new houses, about 23% focus on houses completed between 1978 and 2010, while 11% of those who apply for mortgages choose a house finished before 1977. People who buy houses by means of mortgages are mostly born between 1980 and 1999, while people under 25 represent only 3.1% of buyers by means of morgages. At the same time, people over 45, born before 1980, represent 13% of buyers through mortgages and access financing with the highest values, the analysis shows. The average value of a mortgage granted in the first 8 months in Romania was about 62,000 euros, according to the Central Bank (BNR) statistics and data of the banking market, 98% being held by credits with fixed interest rates. Mortgages of 5.5 billion euros were granted in the first 8 months at national level, on the rise by 49%, compared to the same period of 2023, which also incldued refinancing, conversions, transfers and restructuring. The overall level of mortgages in payment went up at the end of August, to 21.6 billion euros, on the rise by 2.1% compared to the level recorded in August 2023. Mortgages recorded a rising level of 21.3 billion euros, 0.5% lower than the total level at the end of 2022, according to BNR data. Ipotecare.ro is an online credit broker, which uses many algorithms to generate the best financing option for each specific situation. SVN Romania/Credit and Financial Solutions is one of the most important mortgage credits in Romania, with a volume of credits in 2023 of 91 million euros.
Romania is set to host the 2025 World Cat Championship — “FIFe World Winner Show,” the world’s most prestigious feline competition, in Bucharest on October 25–26. Each year, the most beautiful and valuable cats from around the globe participate in this contest to claim the World Champion title. Out of the 1,000 to 1,500 cats […]
Nine Audio-Visual Monographs, an interactive audio-visual exhibition that showcases elements of the project that explores nine villages in Romania, opens on November 7 at the Visual Studies Center in Bucharest. The project aims to offer a fresh look at nine villages and their communities - Șomartin, Titești, Slătioara, Brădetu, Jupânești, Șotrile, Bisoca, Rogojeni, and Jurilovca. […]
For its 13th edition, GoTech World, the largest B2B expo conference with IT and digital solutions in Central and Eastern Europe, promises two days of innovation and inspiration at Romexpo, Pavilion B1. This year, the event will bring global opinion leaders, cutting-edge solutions, and strategic technology partners to the forefront. This edition’s special guest is […]
The amendments to the new Forestry Code bill that aim to legislate green belts nationwide got the green light from the committee for environment and ecological balance in the Chamber of Deputies on November 5, marking an essential step in the bill's legislative process in the Parliament. Two other expert committees must also debate and […]
The Ministry of Economy, Entrepreneurship and Tourism (MEAT) has kicked off a new campaign to boost Romania's visibility as a tourist destination abroad. As part of the latest drive in the UK, 250 buses in London, Manchester, Birmingham, and Liverpool carry the message "Hop on board to Romania" for a month, from November 4 to […]
The Romanian Ministry of Culture announced that it will provide support, through the Project Management Unit, for 47 projects in the cinematography sector through its program "Supporting Cultural Initiatives to Accelerate the Digitization of Film Production and Distribution, Including Cinematic Films." The program, which includes a call for projects, aims to support Romanian film producers […]
