Report: Romania among EU countries with most accessible mortgage loans

Romania has remained among the European Union (EU) states with the most accessible mortgage loans, considering the average wages at the national level and the costs of buying a one-bedroom apartment through a 25-year mortgage loan, according to a report by online broker Ipotecare.ro and financial consultancy and mortgage lending company SVN Credit Romania.

The average installment for buying a one-bedroom apartment in Bucharest came to hold a percentage of about 40% of the average wage at a national level, down from 43% a year ago. The drop came amid a decrease in mortgage interest rates, especially in the fixed rate segment, which represent over 90% of mortgage loans currently granted.