Real Estate: Colliers: Bank-financed housing acquisitions continue to fall in 2023

Rising interest rates have reduced Romanians’ appetite for home mortgages, with the number of apartment transactions falling by almost 30% in Bucharest and Romania’s major cities in the first five months of the year, Colliers consultants note.   Compared to the past four years, when the balance of housing loans grew by an annual average of 10-12%, the annual evolution of housing loan stock is now growing by only ...

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