Over 92,100 mortgages were tabulated in Romania in 2025, up 6.4% compared to the previous year, with Bucharest, Ilfov, Timiș and Cluj being the areas where the largest numbers of mortgage loans were granted, according to a market analysis by online broker Ipotecare.ro.
Over 27,000 mortgage loans were granted in Bucharest in 2025, almost 2% down compared to the previous year, while Ilfov county recorded 7,570 mortgages tabulated in 2024. Ilfov registered the highest annual increase at national level, of 27.6%. Together, Bucharest and Ilfov hold almost 38% of the total number of mortgages tabulated in Romania in 2024.
The following positions in the ranking are Timiș, where almost 7,300 mortgages were tabulated, up 17.1% compared to 2023, Cluj, where just over 6,000 mortgages were tabulated, up 15% annually, and Constanța, with just over 5,000 mortgages tabulated, down 5.2% compared to 2023. The top 10 mortgage markets in Romania account for over 74% of mortgages tabulated last year at national level.
"Romania's mortgage market registered good results in 2025: the share of residential transactions carried out through credit increased, the refinancing market also recorded higher volume and cumulatively we are heading towards a new record of mortgage loans granted," commented Cătălin Marin, Managing Partner SVN Romania | Credit & Financial Solutions, exclusive partner of Ipotecare.ro. "2025 began with decreasing interest rates, and we estimate that 2025 could bring similar results considering current market conditions."
Romanians accessed mortgage loans worth about €10 billion in the first 11 months of 2025, up 22% compared to the same period of 2024, according to National Bank data. Compared to the total number of residential units sold last year in Romania, mortgages tabulated in 2025 hold a share of 57%, up from 51% in 2024.
