Property in Romania

Romania leads in home acquisition intentions


A study conducted by Unicredit Group reveals that 11% of Romanians intend to buy a home during the following three years, well above the 6% average in the Central and Eastern Europe states.

Although the number of owned home in the South-Eastern states is higher than in the Central Europe, and financial possibilities are quite far lower, some 15% of the population here intends to purchase a home during the following 10 years. The fast increase of income, the easy access to credits and superior economic growth rates are the main causes generating a 24% annual growth rate for real estate credits, the analysts say.

Date posted: July 22, 2008