05.29.2012

Romania’s Senate on Tuesday adopted tacitly a bill exempting owners of homes bought through the “First Home” program from paying property taxes for a period of ten years. more

04.19.2012

Bucharest home demand has halved since the end of 2007, the beginning of the economic crisis, although prices have dropped by 50% in the meantime, according to real estate brokers. more

04.06.2012

The mortgage lending growth pace in February was half the monthly average of 2011, because not even government-secured loans are drawing customers to banks. more

03.27.2012

Sales of voluntary home insurance totaled 641 million lei (EUR147 million) in 2011, up 70% on the previous year, in addition to more than RON35 million from mandatory insurance, according to the data more

03.19.2012

The number of mortgage loans rose by only 2,000 accounts in January and February, a four times slower pace than in early 2011, considering bankers are only selling “First Home” scheme loans now. more

02.28.2012

The 12 largest residential compounds in and around Bucharest that went insolvent or bankrupt in the past three years consist of tens of buildings with over 4,000 homes, some finalized, other abandoned more

01.11.2012

Bankers sold almost EUR540 million worth of loans through the “First Home 4” scheme, one third of the value of the loans granted in the previous three iterations. Only 150 customers of a total of more

12.21.2011

The 50 largest residential projects built in and around Bucharest over the past few years brought 20,000 new homes to the market, following investments estimated at around EUR1 billion, reveals a ZF more

12.20.2011

Although Bucharest officials are preparing to eliminate subsidies granted for the construction of mortgage homes, countries in the region continue to conduct similar programs, seeking to revive the more

12.16.2011

The European Commission agreed to direct EUR360 million for the thermal rehabilitation of homes from other operational programs, Romanian Regional Development Minister Elena Udrea said Friday. more

12.10.2011

Insurance companies in Romania issued about two million home insurance policies in the third quarter of the year. The mandatory home insurance segment shrank progressively over the past months, while more

11.28.2011

The Pizza Hut chain does not plan to open any new restaurant in Romania by the end of 2012, but will invest in two new PHD units (home delivery facilities), as the share of home deliveries reaches more

11.02.2011

Altex, the largest electronics, home appliances and IT products retailer in Romania by sales, has opened eight stores this year and has three more planned by yearend. Total investments amount to EUR4 more

10.25.2011

The overall decline trend of the real estate market will “most likely be higher than a single digit over the next sixteen months, will translate into a less and less active market, a decline in the more

10.11.2011

Around 3 million Romanians have their homes insured through a voluntary policy, 58% more than in mid-last year, when the mandatory home insurance scheme kicked off, while mandatory policies continue more

09.22.2011

On a market where loans in foreign currency account for two thirds of overall household lending, the National Bank of Romania (BNR) wants to discourage foreign currency loans, especially mortgage more

09.16.2011

Romania's Government plans to use a significant part of EU funds to support the building thermal rehabilitation program and will ask the authorities involved to better publicize the incentives for more

08.19.2011

Romanian Prime Minister Emil Boc said Friday that 4,173 loan guarantees, worth a total EUR160 million, have been granted so far through the "First Home 4" program, including EUR80 million from the 16 more

08.04.2011

The increase in the cost of euro funding and the decline in interests on the Bucharest monetary market have not persuaded Romanians to borrow in lei instead of euros, so bankers have managed to sell more

07.26.2011

Austrian-held Raiffeisen on Monday resumed sales of mortgage loans through the “First Home” scheme. It has a EUR115 million allotted cap for the scheme. more

07.13.2011

Romanian local authorities will be able to fine people without mandatory home insurance only starting with August 2012, according to Law 260/2008 as amended and republished, although the Interior more

07.13.2011

Romanian insurer PAID will collaborate with local authorities to sell mandatory home insurance policies, its estimates showing that 60% of the houses in the country, around five million, are not more

06.30.2011

Romanians who have not insured their homes by now have until July 15 to buy a home insurance policy or may be fined 100 lei (about EUR24) to RON500 lei. more

06.14.2011

“First Home” state-guaranteed mortgage loans remain an option only for clients who cannot afford to pay a 10% or 15% down-payment on the value of the purchase, since there is almost no price more

06.09.2011

The Justice and Home Affairs Council of the European Union on Thursday adopted the conclusions on the full application of the Schengen acquis by Romania and Bulgaria, noting that the issue will be more