Bucharest and Transylvania residents Contract the biggest Mortgages  

Bucharest and Transylvania residents pay the highest average prices for a home and contract the biggest mortgages in Romania, according to an analysis by online-only broker Ipotecare.ro.

The average value of a home purchased through a mortgage in Bucharest–Ilfov during this period was EUR 122,062, slightly higher than the average price of EUR 121,619 recorded in Transylvania (Alba, Bistrita-Nasaud, Brasov, Cluj, Covasna, Harghita, Mures and Sibiu). Meanwhile, the largest mortgages, at just over EUR 86,000, were accessed in the Bucharest region, compared with Transylvania, where the average mortgage was worth nearly EUR 84,000.

These are also the only two regions in Romania where the average price of a home purchased with a mortgage exceeds EUR 110,000 and the mortgage taken out is worth more than EUR 80,000.

Banat (Arad, Caras-Severin, Hunedoara and Timis) ranks third nationally, with an average price of nearly EUR 108,000 for a home purchased with a mortgage and an average mortgage of nearly EUR 76,000.

The least expensive homes purchased with mortgage financing, as well as the smallest mortgages nationwide, were recorded in Muntenia (Arges, Braila, Buzau, Calarasi, Dambovita, Giurgiu, Ialomita, Prahova and Teleorman), with an average price of just over EUR 90,000 and an average mortgage of EUR 66,005.