Cluj residents take out the largest mortgage loans

Imobiliare.ro Finance, the loan broker within the Imobiliare.ro group, conducted an internal analysis to determine the behavior of Romanians who requested financing this year in the counties with the strongest residential markets in the country.

According to the analysis, Cluj residents access the highest value mortgage loans, have the highest rates, but also pay the highest prices to make a real estate purchase. At the opposite end are Constanța residents who take out low-value loans and benefit from some of the most affordable apartment prices.

The research results also indicate that most Romanians seek specialized advice early on to ensure that when they find the right home they can buy it quickly. Reducing the time it takes to get a mortgage is more important than ever in a context where prices are constantly increasing and the number of available properties is decreasing.

The average age at which Romanians take out their first bank loan has increased slightly, reaching 35.09 years in December 2023 and the median age at 34.08 years, according to data from the National Bank.