"First Home"
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State guarantee now worth merely 50 euros per month
The monthly payment for a mortgage loan taken through the “First Home” programme will be merely 23% lower than that of a standard such loan, albeit the banks are guaranteed repayment by the...
Government amends First Home tomorrow
The Finance Ministry will present, during tomorrow’s meeting, the normative act on the amendment of the “First Home” programme, so as to have it include three guarantee caps – 60,000, 70,000...
Guarantees for “First home” scheme diminished due to funds not being used
The Finance Ministry has decided to allocate a maximum of 700 million euros in guarantees for the “First home” programme, 30% less than last year, as less than half the 1 billion-euro availa...
New guarantees of up to 1.25bn euros for “First home”
The Government can allocate up to 1.25 billion euros for the extension of the First home scheme by guaranteeing home loans, but other guarantee schemes will probably be included in this maxi...
Banks grant loans worth 400m euros under “First Home” scheme
Banks had granted loans worth 400 million euros as part of the “First Home” scheme by the end of November, according to data from the SME Guarantee Fund (FNGIMM), which provides guarantees f...
BRD: We would have run out of “First Home” funds before yearend
BRD, the second-largest bank on the Romanian market, has so far granted 1,650 mortgage loans as part of the First Home scheme, with an overall value of around 75 million euros.
Demand for “First Home” declines
Demand for loans granted through the “First Home” scheme has dwindled over the past few weeks, with the Guarantee Fund receiving around 100 applications, compared with 200 in the first half...
GTC rethinks residential strategy to meet "First Home" requirements
Real estate developer Globe Trade Center (GTC) Romania states it is more attracted to the office market than to the housing market or retail, as office space rents have not plunged and deman...
Only 34 "First Home" applications approved in three weeks
Almost three weeks from the start of the "First home" programme, whose target is to unfreeze retail credit and the real estate market, the Guarantee Fund has analysed and approved merely 34...