Analysis: Bucharest, Ilfov and Timiș lead Romania’s mortgage market in 2024

Bucharest, Ilfov, and Timiș emerged as the regions with the highest number of registered mortgages in Romania in 2024, followed by Iași and Constanța. According to an analysis conducted by online broker Ipotecare.ro and financial consultant and mortgage lending company SVN Credit Romania, roughly 86,600 mortgages were recorded nationwide last year, marking a 26.5% increase compared to 2023.

Iași, in eastern Romania, recorded the highest annual growth in mortgages, with a remarkable 107% surge, primarily attributed to the delayed registration of pre-sale agreements from previous years. Other notable increases were observed in Bihor (65%), Argeș (33.6%), and Brașov (33%).