The National Bank of Romania is compelled to intervene on the real estate market because of the instability of this sector, Adrian Vasilescu, councilor of the BNR governor, said in a workshop organized by the magazine “Banii nostri”.
The Central Bank is obligated by the banking law top take action, but also due to the real estate assets - residences, lands - are not part of the consume cost taken into consideration for establishing inflation because of the instability of the market that might affect the inflation curve. The European Central Bank also intervenes on the real estate market, according to Vasilescu.
Vasilescu emphasized the fact the the real estate market is ruled by the offer and the request, and currently, the request is too high and the offer stagnates, hence the insecurity of the sector. However, the request might drop and the offer improve after the EU accession.
