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Overall Analysis About the Evolution of Real Estate Market in Romania

Author

Listed:
  • Aniela Bălăcescu

    (“Constantin Brâncuşi” University of Tg.-Jiu, Romania)

  • Georgiana Lavinia Tănăsoiu

    (“Constantin Brâncuşi” University of Tg.-Jiu, Romania)

Abstract

Currently, the estate market in Romania is characterized by instability, limited demand, the increased aversion to risk and very sensitive to price component, the determinants factors being the global financial tensions and the attitude of banks that have frozen the crediting. In the last year, due largely to the global financial crisis had raised questions such as: To what extent the international financial crisis will affect this market? This analysis is like an overall analysis of the causes that determine the evolution of the estate market as a whole. To this end we started to explain the evolution of demographic aspects of the country, reaching financial factors, sociological, and stressing foreign influence on the evolution of this market.

Suggested Citation

  • Aniela Bălăcescu & Georgiana Lavinia Tănăsoiu, 2009. "Overall Analysis About the Evolution of Real Estate Market in Romania," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 9(3), pages 25-32.
    • Handle: RePEc:pet:annals:v:9:i:3:y:2009:p:25-32
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    References listed on IDEAS

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    1. Stijn Claessens & M. Ayhan Kose & Marco E. Terrones, 2009. "What happens during recessions, crunches and busts? [Business cycles for G-7 and European countries]," Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 24(60), pages 653-700.
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