Romanians invest massively in homes. New Record: 50,000 new mortgage loans in the first half of the year
The value of the new mortgage loans granted in the first semester of 2025 was 60% higher than in the first half of last year, according to an analysis based on the NBR data, which shows that the Romanians took about 50,000 new mortgage loans in the first six months.
The number of mortgage loans increased by 60% in the first six months. Photo archive
The total value of new mortgage loans granted in the first half of this year was about 3.2 billion euros, according to SVN Credit calculations based on the data in the banking market, increasing by about 60% compared to the similar period of the previous year. Including all forms of refinancing, in the first six months of this year, mortgage loans worth about 5.56 billion euros were granted according to the data of the National Bank, increasing by about 26% compared to the first semester of 2024.
In total, at national level they were paying at the end of the first semester mortgage loans with a value of 22.7 billion euros, increasing by 5.5%, a more than double rate compared to the one registered in 2024, according to BNR data. The analysts thus estimate that 2025 could end with an increase of about 7%-8% of the total mortgage balance, a level close to the tips of about 10% registered in 2021-2022.
“The first half of the year – especially the second quarter period – was exceptional for the mortgage market – and this in a context in which 2025 debuted very slowly, in a state of uncertainty, political tension and numerous negative estimates. We estimate that the second half of the year will be as good, 2025 having all the premises to be a record year for the Romanian mortgage market – and we rely on the data on our 24 -year -old network, where we have thousands of files that will be closed in the coming months. “said Alexandru Rădulescu, Managing Partner SVN Romania.
The average value at the national level of a mortgage loan granted was in the first semester of 2025 was 64,000 euros, increasing from about 62,000 euros in the same period of the previous year. The average income of a family that applied for a mortgage loan was 2,500 euros, it is shown in mortgage.ro.
The highest share of the company's customers, with a 37% share, opted for a home completed between 2020 and 2025, they were followed by those who chose a home delivered between 2010 and 2020, with a 33% share of 10% of customers, they chose a home completed between 1990 and 2010, while about 20% chose 4%.
In the first six months of 2025, a total of mortgage loans worth 5.56 billion euros were granted at national level according to the data of the National Bank of Romania, increasing by 26% compared to the same period last year, including refinancing, conversions, transfers and restructuring. The number of houses and apartments sold in the first semester of 2025 at national level was 3.5% lower compared to the similar period of 2024, according to the statistics of the National Agency for Cadastre and Real Estate Advertising.
Increase the mortgage rates from October 1
Interest on mortgage loans will increase again, from October 1, as a result of the IRCC index update. It is calculated quarterly as an average of the daily interest rates, weighted with the volume of transactions, its application being offered by 2 quarters.
Thus, from October 1, IRCC increases from 5.55% to 6.06%. This means that the rate at a mortgage loan of 250,000 lei contracted over a period of 30 years, with variable interest (IRCC+3.50%) will increase by 92 lei, from 2,021 lei for the period July – September, to 2,113 for October – December 2025.
The increase or decrease of the IRCC index are affected, those who have variable interest -dependent loans are affected.
In contrast, persons who have foreign currency loans or persons who have fixed interest loans will not be affected by the change in loans as the interest in their contract does not change according to the IRCC.
