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.
Some dinners are eaten. Others are remembered. At Corinthia Grand Hotel du Boulevard, the past few months have unfolded like a quiet culinary opera. One by one, Europe’s most celebrated chefs arrived, took over the kitchen of Boulevard 73 and left behind more than menus; they left stories. Now, on December 4, the curtain falls. […]
HORIZON CITY, a €130 million residential project, is emerging as one of the most solid and forward-thinking developments in the Pipera area—both through its scale and through the modern direction it sets for the new residential standards in the north. Developed across nearly 23,000 sqm, with 699 apartments and 926 parking spaces, the project brings […]
Romania’s National Forest Administration, or Romsilva, announced that it is putting over 16,000 Christmas trees up for sale over the winter in a press release published on Thursday, November 27. The trees can be purchased directly from the offices of the forestry districts. Prices range between RON 17 (EUR 3.3) for a spruce...
Lot 3 Pietroasele–Buzău of Romania's A7 highway, also known as the Moldova highway, was inaugurated on Thursday, November 27. The newly inaugurated segment is 13.9 km long. The A7 connects Romania’s historic regions of Muntenia, the southern part of the country, with Moldova, the eastern part. “We are opening another 13 km of the Moldova Motorway […]
The City Hall of Sinaia, a popular mountain town roughly 120 km north of Bucharest, announced that a new attraction, the alpine coaster on Pârtia Nouă, will officially open on December 1. The installation, located in the ski area near the Sinaia Gondola, features what the authorities say is the longest track of its kind […]
The Romanian national team debuted with a victory in Group A of the Women’s Handball World Championship, organized in the Netherlands and Germany. Romania won 33–24 (13–12) against Croatia in the Ahoy Arena in Rotterdam on Thursday, November 27. The Romanian team dominated the match in the second half, left backer Sorina-Maria Grozav scoring 7 […]
