Real estate developers compete with credit institutions

Sunday, November 15th, 2009

      The mortgage loans contracted directly with the developers mean less documents, are more flexible, more easier to obtain and are designed for a shorter term between 5 and 15 years.
      Nevertheless, in the case of the ‘First Home’ programme guaranteed by the government, the term could reach up to 30 years, with the interest rates fluctuating depending on the 3-month Euribor, which is now found at a historic minimum. Moreover, the completion of the file to get the loans is difficult, with the customer risking to loose the advance if he fails to follow a certain order in bringing the documents.

Source: Financiarul, 15.12.2009
http://www.financiarul.ro/2009/12/15/real-estate-developers-compete-with-credit-institutions/

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  • “Am lucrat pentru un dezvoltator si ceea ce spun este…”
  • “I worked for a Real Estate developer and what I say is…”
  • “Piaţa este în creştere, nu aţi observat? “
  • “The market is going up, haven’t you noticed?”
  • “Ilia, orice persoană care gândește logic ar investi acum in…Romania ta?”
  • “Ilia, why would any logical person invest now in… your Romania?”
  • Dușmanul “răului” este “și mai răul” (dar oportunitatea se gaseste in spatele acestuia)
  • The enemy of “bad” is “worse”(but opportunity lies beneath…)
  • Răspunzând la întrebările cititorilor: “Dezvoltatori şi agenţii imobiliari au dezvoltat o mare minciună”
  • Replying to readers: “Developers and Real Estate agents have developed a big lie”
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