77 pct of the apartments acquired this year were bought through mortgages

The  number of mortgages recorded on Romanian residential market reached 69,752 around 77 percent of the number of apartments sold in the first eight months of the year, of 87,674, according to Business-Review.eu.

According to National Agency for Cadastre and Real Estate Advertising (ANCPI), the number of mortgages, clasic or Prima Casa, started low, with 5,557 in January, peaked in March, with 11,998, decreased to 7,919 in August.

The decreased in August was in pace with the numbers of apartments sold in August, of 10,310. The total value of home credits contracted in the first eight months of 2018 was RON 4.3 billion, but includes the mortgages for houses and lands bought in the same period.

The morgages in 2018

  • January – 5,557 mortgages for apartments,
  • February – 8,899 mortgages for apartments,
  • March – 11,998 mortgages for apartments,
  • April – 8,704 mortgages for apartments
  • May – 9,521 mortgages for apartments,
  • June – 8,248 mortgages for apartments,
  • July  8,906 mortgages for apartments,
  • August – 7,919 mortgages for apartments.

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