“I don’t think interest rates will go up significantly from now on, if they do go up, except maybe those from IRCC, which we know exactly when they’re going to go up because there’s a 6-month gap,” said Eugene Redulescu, head of the Department of Financial Stability National Bank of Romania (BNR).
Speaking about the “First House” program, he noted that loan recipients were much more careful and settled their debts, because people actually live in the First House.
“Second home buyers, vacation home buyers are less cautious,” he said.
According to him, the level of non-performing loans for “First House” is very close to zero.
“It has always been so, because a person always needs a roof over his head. Then he is very careful about it. The first house was one such win-win situation. The economy has won, the industry that creates housing, so far even the budget,” Eugene Redulescu also showed.
Source: Hot News
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