mortgage loans

Romanian banks expect, for the first time in the past two years, a relaxation of lending standards for mortgage loans, on the real estate market, by lowering housing prices, according to a central bank survey.

Romania's Finance Minister Gheorghe Pogea on Monday said some offers of the 20 banks for the “First Home” program were below the limit imposed by the government, thus the total costs will be 42%-49% lower than for mortgage loans.