The price of new housing will suffer corrections in 2008

According to Oprescu, the liquidity crisis and the volatility of ’s exchange rate at the beginning of 2008 will also be reflected in mortgages.  “While mortgages increased in recent years on average by 67 percent, in 2008 could bring a drop in growth,” said Oprescu.  Nevertheless, real supply is still far from meeting solvable demand.  According to a declaration by Ioan Bejan, Development Manager at Raiffeisen Banca pentru Locuinte, solvable demand is 10 percent of total population.  Of these, only 0.5-0.8 has problems making their monthly installments.