If the program had not existed, the market would have continued along its negative course without significant changes, according to players in this industry interviewed by Business Standard.
Statistics compiled by the AnunturiParticulari.ro Web site indicate an insignificant increase in the prices of old apartments in July, of 1-4 percent, simultaneous with a higher rise in the number of new offers on the market.
In July, the average price asked for studio apartments was €46,300, up 2.6 percent month-on-month. For one-bedroom apartments, the initial average price was €70,500, one percent higher compared to June. The price rise for two-bedroom apartments was 3.5 percent compared to the previous month, to €97,600, while three-bedroom apartments had an average price of €128,500, four percent higher than in June.
“The only change brought by the “First Home” program is that it managed to restore part of the confidence of buyers in the market, but nothing has changed at the price level, on the whole, as prices continue their negative trend. “First Home” is a short-term product and will not change anything unless it is followed by other competitive lending products offered either by the state or by banks,” the Head of Real Estate Division within Volksbank, Daniel Tudor, said.
