Publishing date:
01.09.2016

Government supplements the First Home Program

The ceiling for the "First House" will be supplemented in September and October will be completed a five-year strategy for the program to be more predictable and all parties concerned may make their plans on such a schedule, said Finance Minister Anca Dragu cited by Realitatea.net.

"The program will be supplemented in September 2016 and in October we will have a strategy for this program in the medium term of five years so as to avoid any gaps in the development of the program," said Minister of Finance.

Applications for "First Home" have skyrocketed during discussions on Resolution Agency Act, and now it is the same because "people do not know if the program will be next year or not," said Dragu.

According to the minister, predictability is needed so that citizens and property             
Government supplements the First Home Program developers to be able to make plans in the medium term. Before the entry into force of Law Resolution Agency, the bankers threatened to increase the advance, thereby restricting access to credit for most people. Advance growth at 30-35% but this resulted in a blockage market and a dive default to an input credit sales. see more details: http://www.zf.ro/banci-si-asigurari/ministrul-finantelor-plafonul-pentru-prima-casa-va-fi-suplimentat-in-septembrie-si-programul-va-avea-o-strategie-pe-5-ani-15634389

Government supplements the First Home Program

The ceiling for the "First House" will be supplemented in September and October will be completed a five-year strategy for the program to be more predictable and all parties concerned may make their plans on such a schedule, said Finance Minister Anca Dragu cited by Realitatea.net.

"The program will be supplemented in September 2016 and in October we will have a strategy for this program in the medium term of five years so as to avoid any gaps in the development of the program," said Minister of Finance.

Applications for "First Home" have skyrocketed during discussions on Resolution Agency Act, and now it is the same because "people do not know if the program will be next year or not," said Dragu.

According to the minister, predictability is needed so that citizens and property developers to be able to make plans in the medium term.

Before the entry into force of Law Resolution Agency, the bankers threatened to increase the advance, thereby restricting access to credit for most people. Advance growth at 30-35% but this resulted in a blockage market and a dive default to an input credit sales.

see more details: http://www.zf.ro/banci-si-asigurari/ministrul-finantelor-plafonul-pentru-prima-casa-va-fi-suplimentat-in-septembrie-si-programul-va-avea-o-strategie-pe-5-ani-15634389
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