Real Estate: New home sales in Romania plummet 40% compared to 2021

Home sales fell by roughly 40% compared to last year, largely because Romanians now find it harder to get loans. High prices in the real estate market, which show no signs of abating, are also to blame. The governmental program Noua Casa (New Home), which gives favorable, state-ensured loans to those who intend to buy their first home, has not been successful this year. Only 70% of its funds have been used up since the launch of the ...

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