first house

Romania Ups Housing Program’s Guarantee Cap To EUR75,000

15:50, 17 Feb. 2010
Romania's government on Wednesday raised the upper guarantee cap for the first-time homebuyer credit to EUR75,000 per loan, from a previous EUR60,000, Finance Minister Sebastian Vladescu said.

Romanian “First Home” Program Norms Came Into Force Tuesday

10:48, 29 Iul. 2009
The new amendments to Romania's “First Home” program came into force Tuesday evening when the Government decision regarding the norms was published in the Official Journal.

Colliers: „First House” Program Ups 2-Room Flat Prices In Bucharest By 15%

19:15, 24 Iul. 2009
The price of old two-room apartments in Romania’s capital city Bucharest rose 10%-15% after the government launched the "First House" program, according to real estate consultancy firm Colliers.

Romanian Pres Wants „First House” Progr To Back Newly-Built Houses, Not Flats Already Mortgaged

21:17, 23 Iul. 2009
Romanian President Traian Basescu on Thursday said he hopes the “First House” program will mainly back newly-built houses and that "apartments already mortgaged would not be included in this program."

Bks To Take Over Houses In “First House” Program Unless State Pays Loan Guarantee

20:38, 23 Iul. 2009
Banks will take over the houses bought with state-guaranteed loans if the guarantee is not paid by the state, and will no longer be forced to observe certain conditions in the contract, according to the decision on amending “First House” program norms, approved Wednesday by the government.

Romania’s Govt OKs „First House” Program’s Changes – Sources

19:34, 22 Iul. 2009
Romania’s Government approved Wednesday the changes brought to the "First House" program and agreed during the bank managers’ Tuesday talks with Prime Minister Emil Boc, official sources told MEDIAFAX.

ING Bank Romania Withdraws From „First House” Program, Launches Its Own Loan Offer

18:14, 21 Iul. 2009
ING Bank Romania withdrew from the "First House" program, planning to launch a similar mortgage loan product, but without the state guarantee, with a 5.5% interest rate and a maximum ceiling of EUR80,000, the bank’s retail unit manager Albert Roggemans told MEDIAFAX Tuesday.

Romania’s „First House” Program To Also Include Mortgaged Newly-Built Flats

14:51, 21 Iul. 2009
Romania's Government will modify Thursday the guarantee contract for the "First House" with a provision to include in the program the newly-built apartments that are financed from loans and already mortgaged by their developers.

Romanian Lenders To Meet “First House” Financing Conditions With Parent Bks Funding – Ctrl Bker

19:05, 02 Iul. 2009
The Romanian banks could meet the financing conditions asked by the Finance Ministry in the "First House" program only if they get large funds at low costs from the parent banks, the central bank’s Financial Stability Unit Ion Dragulin said Thursday.

Romanian CEC Bank Offers Lowest Rate For RON Loans In „First House” Program

19:39, 25 Iun. 2009
The lowest interest rate for RON-denominated loans granted through the “First House” program is at ROBOR rate plus 1.9 percentage points and was offered by Romanian state-owned lender CEC Bank, the head of the Guarantee Fund for small- and medium-sized enterprises loans Aurel Saramet said.

Romanian BCR Eyes Loans Of EUR450M Within „First Home” Program

19:37, 25 Iun. 2009
Romania’s largest lender Banca Comerciala Romana estimates it would grant euro-denominated loans worth of EUR450 million, at an interest rate equal to the Euribor rate plus 3.8 percentage points, with a loan granting fee of 0.017%, BCR officials told MEDIAFAX.

Dwellings Bought In “First Home” May Be Sold In First 5 Yrs – Romanian Senate

14:02, 16 Iun. 2009
Romanian Senate's Budget-Finance Committee on Tuesday approved an amendment to the Government Ordinance on “First House” program that eliminates the interdiction to sell the dwelling bought through the program in the first five years since purchase if having the Finance Ministry’s approval.

Romanian Govt To Set Max Rates, Fees In „First House” Program

20:09, 09 Iun. 2009
The Romanian government will set maximum interest rates and fees for banks to take part in the “First House” program, and the client who buys a dwelling that costs more than EUR60,000 will have to pay the difference out of its own funds, banking sources told MEDIAFAX Tuesday.

Romanian PM Deems „First House” Program Operational As Of Jun 20

19:38, 03 Iun. 2009
Romanian citizens that do not own a home and have never taken a mortgage loan will benefit, as of June 20, from the state guarantee for a loan to acquire their first dwelling, no matter the applicant’s age, Prime Minister Emil Boc said Wednesday.

Interest Rate In “First House” Should Be At Least 1 Pps Above Romanian Treasuries’ Yield

18:26, 03 Iun. 2009
The interest rate for the "First House" program should be as low as possible so that the clients qualify for the loans, but it should be at least one percentage point above the interest rate the Romanian state pays, Raiffeisen Bank Romania’s president Steven van Groningen said.

„First House” Program Should Aim At New Constructions – Romanian ACC Producers

18:22, 03 Iun. 2009
Romania’s “First House” program should aim at new constructions, started in 2009, and it should also finance the own building, according to the autoclaved concrete ACC producers’ association.

Romania ‘First House’ Proj Should Stimulate New Constructions – Min

17:56, 31 Mai 2009
Romania’s “First House” program, which offers state-guaranteed loans to purchase one’s first home, should cover newly built houses rather than houses available on the free market, SMEs Minister Constantin Nita said Sunday.

Dn Payment Of 5% For EUR60,000 Guaranteed By State In “First House” Proj

20:47, 28 Mai 2009
The downpayment of 5% from the loan contracted to buy the first house will be calculated for the EUR60,000 guaranteed by the state, while banks can ask for a higher down payment for the difference of the sum, and the interest will be correlated with EURIBOR (Euro Interbank Offered Rate).

Romania’s „First House” Proj To Include 50,000 Dwellings In 4 Yrs – SMEs Min

18:05, 26 Mai 2009
The "First House" project will be applied for a four-year period and will support the construction of around 50,000 dwellings, the Minister for Small- and Medium-Sized Enterprises Constantin Nita said Tuesday.