Banks are looking to sell over a thousand homes, apartments andplots in the first month of this year, as well as foreclosed retailand industrial spaces as a result of owners defaulting on theirloans.
The number of foreclosed goods has risen exponentially in thepast year, with most ads being run month after month because of alack of buyers, with new properties repossessed from bad payersbeing added to the list.
Banca Transilvania publishes the most ads of foreclosedproperties on its website, which also features some of the auctionsorganised at the end of last year. Their number exceeds 350, around180 of which target houses and apartments, and 130 targetplots.
BRD displays 326 ads for homes, plots and retail spaces. Forinstance, the bank wants to sell a home in Bucharest's District 1for 1.4 million RON (around 330,000 euros).
Banks have repossessed several plots, homes and even plantsvalued at over one million RON, with the latter being, however, thehardest to sell considering that real estate transactions are allbut frozen. Enforcement officers say a foreclosed property sellsafter three to five auctions on average.
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