First Home Program, Price Benchmark for 80% of the Apartments Offer

Almost five years since it started, the First home program turned into a sort of benchmark on the real estate transactions market as the private owners are adapting their offer to the average value of the credits subsidized by the state. According to Imobiliare.ro real estate website, most of the clients accessing the website are interested in houses with a maximum price of 60,000 euro. Thus, 16% of the potential buyers are interested in houses that would cost no more than 20,000 euro, 24% have a budget of 20,000 to 40,000 euro and 26% have a budget of 40,000 to 60,000 euro. These price thresholds reflect in fact the limit of the value of First Home loans taken for buying apartments with one, two or three bedrooms. According to the study, 18% of the potential buyers are interested in houses with prices ranging from 60,000 euro to 80,000, while only 8% are looking houses of 80,000 to 100,000 euro.

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