Isarescu: There is a risk of a new crisis estate | eNational.ro
Governor of BNR, there seems to be not happy with the reduction of interest on loans or deposits. He warns that cheaper credit will encourage land speculation, which will be unreasonably expensive and generate a new mortgage crisis melbourne transport in Romania.
State Bank CEC Bank has recently launched microcredit investment in agriculture, between 15,000 euros and 75,000 euros, with a low interest rate of only 6.1% per year up to ten years for the purchase melbourne transport of agricultural land or development holdings in this area. Moreover, those who seek these loans should not come with any contribution. In addition, these loans are guaranteed 80% of the Rural Credit Guarantee Fund. All good, I say we, but Isarescu believes there is nothing to enjoy.
Central bank chief says that people who have money and they want to put aside no longer attracted interest from deposits that have become practically negative and depositors out less money than they deposited in the bank. Consequently, citizens want to get a small advantage as and buy land. "Where can I go to save? A place in something which gives the feeling that will increase the value. But grow to a point. What is the point in any speculation? "Wondered Isarescu. He warned that in the end, someone will declare publicly that the land is overvalued, as happened in the period 2005-2008, which will generate melbourne transport a new mortgage crisis. If to this we add that the central bank may cut July 1, 2014 provisions on loans in foreign currency (which will allow continued growth of cheaper loans and real estate investment appetite), it follows that the weather's Isarescu (made in 2008, but not nobody thought then) on a future collapse of the real estate market to be as realistic. melbourne transport
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Governor of BNR, there seems to be not happy with the reduction of interest on loans or deposits. He warns that cheaper credit will encourage land speculation, which will be unreasonably expensive and generate a new mortgage crisis melbourne transport in Romania.
State Bank CEC Bank has recently launched microcredit investment in agriculture, between 15,000 euros and 75,000 euros, with a low interest rate of only 6.1% per year up to ten years for the purchase melbourne transport of agricultural land or development holdings in this area. Moreover, those who seek these loans should not come with any contribution. In addition, these loans are guaranteed 80% of the Rural Credit Guarantee Fund. All good, I say we, but Isarescu believes there is nothing to enjoy.
Central bank chief says that people who have money and they want to put aside no longer attracted interest from deposits that have become practically negative and depositors out less money than they deposited in the bank. Consequently, citizens want to get a small advantage as and buy land. "Where can I go to save? A place in something which gives the feeling that will increase the value. But grow to a point. What is the point in any speculation? "Wondered Isarescu. He warned that in the end, someone will declare publicly that the land is overvalued, as happened in the period 2005-2008, which will generate melbourne transport a new mortgage crisis. If to this we add that the central bank may cut July 1, 2014 provisions on loans in foreign currency (which will allow continued growth of cheaper loans and real estate investment appetite), it follows that the weather's Isarescu (made in 2008, but not nobody thought then) on a future collapse of the real estate market to be as realistic. melbourne transport
If you liked the article, follow on facebook melbourne transport Mail national newspaper! Share
NEWS
Eastern Europe Panda banking crisis
The price of cocoa has reached melbourne transport the highest level since 2011 onwards, surpassing 3,140 for ...
Moldova's news
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