A large number of blocks of flats were built, in the past years, via the National Housing Agency (ANL), especially in Bucharest. Nevertheless, it is next to impossible to buy a flat in such a block if you don’t know someone involved in the selection of the future beneficiaries. A case in point is the block at 22 Virtutii Avenue, in Bucharest’s sector 6, built between 2007 and 2009, via the mortgage loan program, according to “Romania Libera”.
The initial price of a studio in this building was EUR 21,000, but the Sector 6 Mayor’s Office offered beneficiaries a 30 pc-subvention. Thus, a 40 sq m-studio, with all the necessary furnishings, came to cost EUR 14,700. A three room-flat in the same building was bought for EUR 29,000. However, a studio in the selfsame block was sold, recently, for EUR 55,000, and a three room-flat is on sale now, at EUR 105,000. Furthermore, approximately 20 pc of beneficiaries have not gotten their flats, while others, it appears, have not moved to their new homes, after receiving them.