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Value of loans offered under First Home program exceeded 4 billion lei

13:13 | 17.01.2023 Category: Economic

Chisinau, 17 Jan. /MOLDPRES/- Since the launch of the First Home Program until now, 8,101 homes have been purchased. The total amount of loans granted by banks is 4.43 billion lei, and the total value of active guarantees is 2.1 billion lei.

Out of the 8,101 beneficiaries, 5,560 are families and 2,541 are unmarried young people. The average age of applicants is 31.5 years.

The Ministry of Finance said that the average value of the homes purchased is 640.51 thousand lei (32 thousand euros), and the average area of the homes purchased through the Program is 60.91 square meters.

Of the total number of homes procured, 7,556 are located in urban areas, and 545 - in rural areas. 7338 homes purchased are apartments, and 763 - individual houses.

The First Home program was launched in March 2018. It allows young people to access mortgage loans under more favorable conditions, and the state provides a guarantee to the bank instead of the beneficiary.

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