Housing under the Prima Casa Plus state mortgage program was purchased by 625 Moldovan citizens in September-October 2024
The Organization for Entrepreneurship Development (ODA) reported this, noting that among the beneficiaries of the program are 379 men and 246 women, whose average age is 35 years. The total value of the obtained credits amounts to 766 million lei, while the amount of state guarantees provided through ODA reaches 450 million lei. The minimum value of the housing purchased under the Prima Casa Plus program amounted to 400 thousand lei, and the maximum - 2.5 million lei. Out of the total number of beneficiaries, 564 people bought dwellings in urban areas, while 61 people preferred to invest in rural houses. Also, 559 applicants chose to live in apartments, while 66 chose individual houses. The government's Prima Casa Plus program officially started on August 5, 2024 with the publication of the provisions of the bill in Monitorul Oficial (the Official Journal of Moldova). The program is part of an initiative to facilitate access to home purchase financing, which will lead to social stability and economic development. As previously reported, thanks to the amendments to the current primary legislation, adopted earlier by the government and parliament, the maximum value of housing that can be purchased under Prima Casa Plus increased from 1 million to 2.5 million lei, while the financing term increased from 25 to 30 years. There is no age limit of up to 50 years in the terms of the program. The beneficiaries will be citizens who do not own a dwelling or own it together with their relatives, provided that its area does not exceed 50 square meters, or the dwelling is located in a village, commune, except for Chisinau. Also, citizens who have already participated in the program and bought no more than 1 residential property with an area of up to 50 sq. m. and have already repaid the mortgage loan will have access to the program. To obtain a mortgage loan under the program a physical person must meet a number of criteria. It is necessary to be a citizen-resident of Moldova and to receive (beneficiary and/or his/her spouse) official income to pay the mortgage loan. At the same time, the ratio between the monthly installment together with the interest rate and the guarantee fee and the total net income of the beneficiary and his/her relatives of the first degree of consanguinity and/or spouse of the beneficiary, who participate in the repayment of the mortgage loan as a co-debtor, is calculated in accordance with the mortgage lending rules of the National Bank of Moldova and cannot exceed 70%. The beneficiary of the program will be able to request refinancing of the mortgage loan from another lender approved for participation in the program. In this case, the state guarantee will be transferred to the new creditor (in the ratio approved at the time of issuance). The balance of the mortgage loan (principal amount) intended for the purchase of housing under the program, net of interest, commissions and other bank charges is guaranteed between 50% and 70%, depending on the category of housing. It also provides for the elimination of the initial own contribution of the beneficiary in the amount of not less than 5% of the price of housing. More detailed information about Prima Casa Plus program - on the website at the link www.oda.md/ro/acces-la-finantare/prima-casa // 11.11.2024 - InfoMarket.
