Romanian Mortgages

While the Romanian mortgage market is fast developing, there are factors investors need to be aware of when considering investing in Romania property .

Firstly, typical terms are:

• 85% Loan To Value
• 25 year loan period

Factors to consider include:

• There are still no mortgage products available for the self-employed
• Any loan is only for a completed residential property, which must be at shell stage and have been registered by the developer. It is also important to bear in mind that the rate, which can change on a daily basis, is high
• An applicant must meet face-to-face with the lender during the application process

It is vitally important to remember, however, that the Romanian mortgage market is developing very quickly, becoming more sophisticated all the time. Any investor buying off-plan Romania property now on 25/75 payment terms can expect an average 20 month lead time until they have to draw down on a mortgage - by which time even better products should be on the market.

ROMANIA MORTGAGE PROVIDERS

Volksbank
Raluca Maftei
Volksbank Romania SA,
Bd Bucurestii Noi, Nr 62,
Bucuresti 1,
Romania
Tel (mobile): +40 (0) 722 316695
Tel (office): +40 (0) 21 667 0206
Email: raluca.maftei@vbrbucurestiinoi.ro
Website: www.volksbankromania.ro

Easy Credit
Stefan Willems
Corneliu Coposu 53 et 5 ap 17
Sector 3, Bucuresti
Tel: +40 72 608 4460