Romania mortgage update - products for the self-employed now available!

Romania mortgage update - products for the self-employed now available!
10th April 2008

By Anna Grybel, Property Secrets

Mortgage lending in Romania is still in its infancy and the mortgage debt to GDP ratio was only 2.3% in 2006 - still very low if compared to the EU-15 average of 50%.

That means that this sector has a lot of room to grow and in fact it is expanding fast. In 2006 (the latest figures available), mortgage lending grew by 57%.

The industry, which is only seven years old in Romania, has great potential for further development and improvements. We've seen the market becoming more competitive in the last two years; in particular, offering more better terms and conditions both to local and foreign borrowers.

Here's a briefing on the latest improvements.

To view the rest of this article - and thousands like it - become a PRO member today...

To read this article you need to be a Property Secrets PRO member. In addition to thousands of searchable articles on UK and worldwide property investment, your PRO membership will give you full access to over £600 worth of eBooks and Spreadsheet Software, advice-packed blogs from leading property experts and our busy Property Forums - where you can talk to hundreds of investors just like you.

If you aren't currently a PRO member, then you can sign up using the form below now. At only £7.99 a month (first 14 days FREE) or £79.99 per year (that's TWO MONTHS FREE), it will prove exceptional value for money. Remember, our range of eBooks and Spreadsheet Software is worth over £600 and with a new article every day, there's always something to come back for.

Today's property market means it is vital to have full and unlimited access to the best information available to make intelligent and profitable decisions.

To find out more about the benefits of a Property Secrets PRO membership, click here...

If you are already a PRO member of Property Secrets, sign in at the top of the page.