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.
President Nicușor Dan has nominated Senate president Ilie Bolojan, a leader of the National Liberal Party (PNL) and former interim president, for the prime minister seat. Dan said Bolojan is “the best person to carry out the needed adjustments in the state administration.” He pointed to Bolojan’s track record with reducing spending, and said he has […]
Balkanik Festival – Home of World Music, set to take place at Uranus Garden between September 5 and September 7, lines up this year artists who "celebrate that form of joy that does not ignore reality, but faces it with beauty, energy, and solidarity," the organizers said. The artists performing in September in Bucharest will […]
The mayor of Timișoara, Dominic Fritz, announced on Friday, June 20, that two new bridges over the Bega River will be built in the city. The bridges will be financed with EU-backed funds worth over RON 130 million. The bridges in question are the Solventul Bridge, which will connect Gării Street to Dâmbovița Boulevard and […]
A Sarmatian necropolis nearly 2,000 years old was discovered after archaeological excavations were carried out at the Mehala II site in the municipality of Timișoara, in western Romania. Researchers discovered 15 inhumation graves, most arranged in rectangular pits with rounded corners, although some no longer retain their original outline, having been disturbed by the passage […]
The George Enescu Philharmonic Orchestra will deliver on June 26 a concert marking Romania Day at the Osaka World Expo. Additionally, the Bucharest-based orchestra will present a series of other concerts and recitals, both within the Romanian Pavilion and outside, at Toyonara Hall in Osaka. The George Enescu Philharmonic Orchestra's concerts will be conducted by […]
Sphera Franchise Group, the largest food service group in Romania, has opened its first Cioccolatitaliani store in the seaside resort of Riccione, in Italy’s Rimini tourist area. This marks the official launch of Sphera Group’s development plan for the premium Italian brand of coffee, gelato, and pastry. Under the plan, it will open four locations […]
