60% of Homebuyers in Romania in 2022 Used Own Funds - Study

Analysis

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About 60% of the Romanians who purchased homes in 2022 used their own funds, according to a study among real estate specialists conducted by Re/Max., Romania Insider reports.

Meanwhile, 28% bought properties with a mortgage/real estate loan with a down payment of less than 15%, a 21% drop compared to the previous year.

Only 5% of the buyers used a mortgage loan with a down payment of more than 15%, 4% used a co-guarantor loan (of the First House type), and 2% made installments directly to the builder.

In terms of property type, 53% of the transactions in 2022 were for 2-bedroom apartments and 15% for 3-bedroom apartments.

Compared to the year before, the share of 2-bedroom apartments remained roughly the same, but those with 3 rooms have decreased by 24%. Next, but at a great distance, were the studios (9%) and houses in cities and rural areas (each with 8%).

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