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Overseas Property News
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Slump in Romanian mortgages
Country: Romania
16 April 2009 The volume of mortgage applications to buy property in Romania fell by over 50% in Q1 2009, compared to the corresponding period in 2008, according to a Business Standard report. Romania’s mortgage sector recorded rapid growth in 2008 with the number of mortgage applications soaring 60% year-on-year. The fall in demand for mortgages has been put down to the fact that residential prices and mortgage lending costs have both risen, while there is far more caution due to the credit crunch and the 20% depreciation in the value of the Romanian leu against the euro currency. Some banks, such as Volksbank, have stopped granting any home loans, while others have imposed far more stringent conditions.
Some properties in Romania
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Price: 25 Euro/sqm
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Type: Land
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SECOND LAND
Long: 657 meters - opening to the access road
Wide: 32 meters
Total of ~21000 sqm
The requested price for this land is 25 EUR/sqm
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View details | Enquire further
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Price: 25 Euro/sqm
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Type: Land
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FIRST LAND
Long: 834 meters
Wide: 21 meters - open access to the highway
Total of ~17500 sqm
The requested price for this land is 25 EUR/sqm
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View details | Enquire further
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Price: 35 Euro/sqm
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Type: Land
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THIRD LAND
Long: 489 meters
Wide: 42 meters - open access to the highway
Total of ~20500 sqm
The requested price for this land is 35 EUR/sqm
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View details | Enquire further
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