The current level of supply prices restrains demand, and as a result, there is a decrease in the number of real estate sale and purchase transactions. Thus, if in the 2nd quarter of 2024, 7479 transactions were registered, in the same quarter of 2025. – only 4230. At the same time, the share of transactions financed by mortgage loans in the total volume of transactions continued to grow, reaching 71.6% at the end of Q2 2025 (an increase of 30.6 p.p. compared to the previous quarter).
This dynamics is due to a 34.4% decrease in the total number of sales transactions compared to the previous quarter. At the same time, mortgage lending under the program “Prima Casa Plus” accelerated, where a quarterly growth of 77.8% was registered. Thus, there is a decrease in the population’s ability to purchase housing at their own expense and an increasing orientation towards bank financing.
Since the launch of the program in Q3 2024, the number of mortgages issued increased from 310 to 1,631 in Q2 2025. This caused their share in the total volume of mortgage contracts to increase from 11.0% to 53.8% over the period under review.
One of the real estate market analysis tools used by the NBM is the Residential Real Estate Price Index (RPPI), which reflects the dynamics of housing supply prices in Chisinau municipality.
The data for the 2nd quarter of 2025 indicate that the index will continue to grow, although at a more moderate pace. At the same time, the SE “Prima Casa Plus” remains a significant factor influencing the dynamics of prices on the real estate market, stimulating demand in the residential sector, the NBM concludes.
In Q2 2025, the RPPI index amounted to 222%, increasing by 4.9% compared to Q1 2025 and by 33.7% compared to Q2 2024.
