At yesterday’s Government meeting, the Emergency Ordinance was approved, which modifies the regulations of the FIRST HOUSE program, the buyers of new homes having a state guarantee of 50%, while the buyers of homes older than 5 years a lesser guarantee, of only 40%.
How does this change affect buyers? It modifies the advance necessary for the purchase of a house registered in the FIRST HOUSE program. Buyers of old homes will have to bring an advance higher with 10% to qualify for the right conditions for granting preferential loans for people who have not owned a home before.
This legislative change will increase the attraction to new constructions, especially since this year there has already been a trend towards an increase in demand for new housing, to the detriment of old ones.
The new apartments are built to current living standards, being modernly finished and equipped.
If you are looking for an apartment in a well-rated neighborhood of the Capital, we invite you to access the offers page on our website Apartments for sale in Bucharest. Real estate offers!