Impact signs 18 deals of EUR 2 mln in May 2009, significant increase over same month of 2008

“This is the sign of a slight comeback. The first signal came in March when the results topped the previous estimations,” said CFO Carmen Sandulescu.
From the 18 transactions representing apartment purchases, 55 percent were fully-paid contracts, following financing granted by developer or bank loans. The figure is 21 percent up on the results from the beginning of 2009.
“Ten of the 18 contracts have been fully paid, which is a sign that bank financing is restarting,” Sandulescu said.
At the beginning of 2009, the developer launched several financing facilities for potential buyers of its apartments: mortgages with or without a deposit, renting the property conventionally and renting it with a view to buying later. This year, Impact's main objective is to increase its Bucharest market share from 9.5 to 11 percent.
Magda Purice