Queues were the order of the day in the last years of communism, especially when the food truck pulled up behind the shops. “It’s over!” it was for many parents at the time a phrase they received when it was their turn.
The Real Estate Show organized at the Parliament PalacePhoto: Inquam Photos / George Călin
30 years later, their children were desperately calling the banks, hoping to get a guarantee from the state, to access a loan – to get an apartment and move out of their parents’ house. Like their parents in the queues during the communist era, they were more and more often told “we don’t have any more funds” and put their hope in “wait for the supplement”.
The stimulus for this impulse was represented, for years in a row, by the First Home program, which came at a time when Romania also knew the other side of the economic cycle: the real estate market had entered a downward slope, after a short period of boom.
Currently, the situation has reversed. “Noua Casă”, the successor to “Prima Case”, is far from the success of other years, because it is no longer attractive at all, in a real estate market and in an economic environment that have changed compared to the years when young Romanians queue at “First House”.
We want better houses, which cost more, and interest rates at banks have become more advantageous than what the government program offers.
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