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In the midst of a coronavirus pandemic, Romanians are buying houses. Real estate sales fell in the emergency period, but rose rapidly in June. And the prices have risen compared to last year. Romanians now want more spacious apartments and patios.
Roxana Dumitrescu, manager of a loan platform: “It was those two months when people did not leave home to look for a new home.
Right now we are seeing an increase in customer interest in buying new homes. Customer need is further addressed to Self-contained apartments with larger useful spaces, possibly also have storage spaces.
Real estate developers are already preparing new projects for this requirement and the tendency of clients to seek their own patio, offering ground floor apartments with their own patio, larger terraces. We are developing a new concept of apartments in the villa., so that the client can qualify for financing “.
In August, the credit granted to the population reached 147.6 billion lei, increasing 0.6% compared to July and 5.5% compared to the previous year.
Dragoș Nichifor, credit broker: “In April-May we had a significant decrease in credit due to the state of emergency, but the repayment was spectacular. We had very good results immediately afterwards, because all their clients want an improvement in the situation they have, what which means either a larger living space than they already had or an improvement in the finishes they have, the finishes, the furniture or the completion of the house that they no longer intended to finish so quickly, but the cause of the pandemic they realized that they needed to move.
And then, sure enough, there is a demand that we do not expect at the March-April level, but there is a strong and continuous demand.
We hope that it will be a trend that maintains the level of what we have now and that 2020 will be higher than 2019 in all the volume of credit ”.
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Editing: George Costita
