The volume of mortgage loans in RON granted by banks doubled in the last three months of 2023, compared to the same period in 2022, and exceeded RON 10 billion, according to the latest data published by the National Bank of Romania, quoted in a press release by Imobiliare.ro Finance."The lending market is coming back strongly after an extremely difficult period marked by uncertainty and high financing costs. More and more Romanians are now looking to take out a loan and are increasingly interested in working with a credit broker to obtain the most advantageous financing conditions," says the source.At the same time, 187,500 properties were transacted nationwide, up 3% from 2022, data from the National Agency of Cadastre and Real Estate Publicity, cited in the same release, show.Of the total, 49,700 were apartments, a segment where an advance of about 9% can be observed compared to the end of the previous year.For the whole of last year, there was a 31% increase in the volume of mortgage loans in RON, up to RON 31 billion. In the case of consumer loans, the advance was 13% in this period, up to about RON 28.7 billion.Specialists of the credit brokerage division of the real estate company estimate reductions in variable interest rates starting with the middle of this year, provided that the forecast decline in inflation will further reduce the existing pressure on interest rates.On the other hand, they forecast an increase in the price of housing in 2024, amid the increase in the reduced VAT rate from 5% to 9% for housing up to EUR 120,000, the alarming decline in the supply of available properties on the residential market, but also a potential increase in demand amid the reduction in interest rates.
I am a bit late to the party, but I have thoughts (and concerns) on Radu Jude’s much talked-about Dracula, and even more thoughts (and compliments) on other films that I fear might have gone under the radar a bit. Let’s go! There is no more recognizable marketing asset for the local tourism (and no […]
Waterdrop®, brandul european care a redefinit experiența de hidratare prin soluții sustenabile și design minimalist, lansează în România colecția AO26 în Ediție Limitată, inspirată de dinamica și ritmul inconfundabil al Australian Open. Noua colecție aduce în prim-plan produse create pentru cei care își doresc hidratare de nivel profesionist în viața de zi cu zi, de […]
The 33rd edition of Concerto di Natale, held on December 13, 2025, at the Auditorium Conciliazione in Rome, will feature Romanian artists Stephanie Radu and Alin Stoica. The concert, a Christmas emblem, brings artists from all over the world before the international public. Soprano Stephanie Radu will perform two special moments, namely “Regalo di Natale,” her […]
North Bucharest Investments has been honored at the CIJ Awards 2025 with the Best Residential Real Estate Agency of the Year distinction — a recognition of the company’s performance, dedication, and strong positioning within Romania’s high-end residential market. “This award is about people. About those who choose, every single day, to believe in this company, […]
Romania ranks 11th in the world in the EF English Proficiency Index 2025, with a “very high” level of English language skills. According to the index, which represents one of the most extensive global studies on language competence, adults in Romania show a high level of English knowledge. English remains the main international language of communication, […]
Over EUR 1 million was raised at the 25th Christmas Tree Festival, which took place on Thursday, December 4, at the National Museum of Art in Bucharest. Funds will be used by Save the Children Romania, the organizer of the auction, for access to quality education. The tree that raised the most money in the […]
