RSS
Real Estate: BNR vice-governor: Romania is not far from the threshold of 6% as regards risks on the real estate
Romania has not surpassed the warning threshold of 6% as regards the real estate market but we are not far from it, drew the attention on Thursday in a specialty conference Liviu Voinea, the vice-governor of BNR.
‘Last year, the European Committee for Systemic Risk issued warnings to a number of eight countries regarding the risks on the real estate market. This happened because they surpassed for several years the rhythm of average growth of Europe,which is 6%.We were very close to 6%,during the last two years. In May 2018 to May 2017 the rhythm of real estate growth was 6% in Bucharest and 4 and something percent in the rest of the world. We did not surpass the warning threshold, we are not far and surely there is always a connection of the real estate market to access to financing for real estate loans.So, it is a market which we have to follow,both the residential one and the commercial one. We have macroprudential policies, some we have already implemented, some others are under analysis, but only in consultation with the industry and with the banking sector’Voinea said.
The present situation of the banking system and as it is seen from the BNR the evolution of the banks which face both the necessity of growth and the continuation of cleaning the balance sheets were among the topics approached in the event ‘ ZF Summit Bankers 18’organised on Thursday by Ziarul Financiar in Bucharest.