Concerns about relaunching the real estate loans

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Concerns about relaunching the real estate loans

20 Aug 2015

Romanians have started again to use credit for shopping, passing from small consumer loans to high credits for houses. In the last months, the banks have provided more credits even than in the period before the crisis.

The Romanians borrow from banks almost one billion RON a month in order to buy or restore their houses. The economists are worried about this growing rhythm. They say we might be heading towards a new real-estate bubble. Romania, after several semesters of economic growth (it is one of the countries with the most important economic growth) reopens the door for consumption, including through government decisions. The consumption is still at a very low level, it hasn't reached yet the last decade's level and is still feeling the pressure generated by the austerity policy and economic crisis.

For more information, please see the Romanian version of the article, here.