Mortgage loans, sharp slowdown in May - Azi

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Mortgage and real estate loans continued to slow down in May for the sixth month in a row, with the monthly increase down to a mere 195 million RON (53 million euros), from the 1.1 billion-RON (337 million-euro) peak reached in November last year.

However, the volume of loans granted in May this year is slightly higher than the level recorded last May. At the end of May, the volume of loans for real estate investments had reached 16.5 billion RON (equivalent to 4.5 billion euros). However, this...

Read the whole story in: Ziarul Financiar