Mortgage loans volume in Romania up 43%

Business Forum

16 December, 2024 at 9:13 AM

Mortgage loans totaling €7.3 billion were granted in Romania during the first 10 months of 2024, up by 43% compared to the same period of last year, according to an analysis by SVN Romania.

The growth includes not only new loans but also refinancings, conversions, transfers, and loan restructurings.

Additionally, the total stock of mortgage loans reached €21.7 billion at the end of Q3, up by 2% compared to the level recorded at the end of 2023, according to data from the National Bank of Romania (BNR). Mortgage loans now account for 58% of all outstanding loans, while the rest are consumer loans.

“2024 was the year of recovery for the mortgage market in Romania. The trend of decreasing mortgage interest rates will continue throughout 2025, with further room for rate reductions,' said Alexandru Rădulescu, managing partner of SVN Romania | Credit & Financial Solutions.

This year, mortgage interest rates have decreased by 13.7% in the fixed-rate segment, which represents over 95% of new mortgage loans granted, while the variable-rate segment saw a 2% increase due to IRCC fluctuations, according to an analysis by SVN Credit Romania and Ipotecare.ro.

Variable-rate mortgage rates will see a new decrease from January 1, 2025, when the IRCC will be 5.66% compared to 5.99%, resulting in a new average variable rate of approximately 8.11%

Romanian mortgage rates set to drop in early 2026

The beginning of 2026 will bring lower mortgage interest rates in Romania, both for fixed rates (over 98% of current loans) and variable rates, according to a market report by online broker Ipotecare.ro and financial consultant SVN Romania Credit & Financial Solutions.

Real estate

Sema Real Estate sells one third of Bucharest resi project

Real estate consultant SVN Romania brokered the pre-sale of 100 apartments within Sema Home in just five weeks, representing a third of the project's first phase.

Real estate

Bucharest luxury resi market to exceed €400 million in 2025

This year will end with over 1,000 premium and luxury dwellings delivered in new residential projects from Bucharest and its surroundings, a record for the recent history of Romania's residential market, according to a market report by SVN Romania.

Real estate

Romanian home sales stagnate as Bucharest market declines

Over 119,500 residential units were sold in Romania in the first nine months of 2025, a similar level with that recorded in the same period of 2024 (down only 0.3%), according to a market analysis by SVN Romania and based on official statistics of the National Agency for Cadastre and Land Registration.