Business Forum • 20 August, 2024 at 5:01 PM
Sales of homes funded by bank loans rose by 40% during H1 2024 compared to the same period of last year over the reduction of interest rates and the increase in transaction prices, according to transactions brokered by RE/MAX Romania.
Overall residential sales volumes were up 5%, while the value of traded properties gained 8% year-on-year. RE/MAX Romania said that the volume of residential rentals was down but did not mention any figure.
The most sought-after properties in the residential segment were 2-room apartments, followed by homes and apartments with more than three rooms.
Răzvan Cuc, RE/MAX Romania President, said that residential sales will continue to grow during H2 due to more favourable financing terms, with potential increases of prices in cities with high potential.
“Easier access to loans and the competitive offers of banks will play a crucial role in this evolution,” says RE/MAX Romania's President.
The biggest transactions brokered by the agency during H1 included an industrial project in Brașov (€2.1 million) and two lands for residential projects valued at €2 million and €1.5 million, respectively.