about us | newsletter | contact | archive | members area
Nicolae Ghibu, Certsign
Regulations will come gradually and will cover all areas»

Large corporates call for Prima Casa expansion

PRIMA CASA REVAMP Romanian large corporate lobbying group the Foreign Investors’ Council (FIC) is calling for the Government-backed home loan scheme Prima Casa (First Home) to guarantee homes for larger amounts and include not only first-time buyers

November 2010 - From the Print Edition

Under the two existing Prima Casa schemes, first time buyers can purchase pre-1989 homes worth 60,000 Euro and new apartments worth up to 75,000 Euro with Government-backed loans from private banks at low interest rates.
Under FIC’s not-only-the-First Home proposal the state would guarantee only 50 per cent of the price of the loan, allowing the rest to be guaranteed through a bank mortgage.
The proposal would stretch “beyond first time buyers” and include “larger quantities” according to Dominic Bruynseels, FIC board member and CEO of bank BCR Erste. “It would also stimulate the economy and the construction sector and could be activated quickly and have an immediate impact,” he added.
After the success of Prima Casa 1 and 2, Bruynseels said it is time to “increase the scale and the scope” of the Government backed guarantee scheme.



COMMENTS
There are 0 comments:

 
ADD A COMMENT
 
Name
Email
Comment
Validation Code
   
 
 

0 Comments  |  12405 Views
Daily Info
Smart city is not a fad, it's a necessity

In June 2018, the ranking of the most "smart" cities in the world was published. In other words, the most advanced cities in terms of human capital, social cohesion, the econo...

Ondrej Safar, CEZ Group: "Romania can become a hub for international smart solutions providers"

"We are already in the digital age, so the upward trend of implementing smart solutions is inevitable in all areas," he tells The Diplomat-Bucharest. "Especially in terms of u...

Telekom Romania, a strong supporter of Smart City development in Romania

Just like many other countries in the world Romania is now facing an unprecedented growth of the urban population, which can be both beneficial and detrimental for the society...

In the industrial era, the fight was for finite material resources. Not anymore

Now organizations fight and develop themselves for and around their talent. In a nutshell, getting ahead in today's business world is all about attracting and inspiring an e...

Richard Sareczky, Mol Limo: "We look at expansion locations across CEE including Romania"

Consumer mobility behaviour is changing, leading to up to one out of ten cars sold in 2030 potentially being a shared vehicle and the subsequent rise of a market for fit-for-p...

 
 
   
advertising

advertising

advertising

More on