Tag Archives: housing

Owning a House? 96% of Romanians own their homes, while Austria’s and Germany’s rate ranks the lowest in the EU (see chart) only the swiss rent even more. Why is this figure so high in ‘poor’ countries and so low in ‘rich’ states? The basic need of humans for shelter  is the same all over the world, the differences in homeownership …

Romania´s economy grew strong from 2001 to 2008, with an average annual real GDP growth rate of 6.5%, according to the IMF. Thereby, property prices and demand rose in anticipation of EU accession, which took place in January 2007. But investors were disappointed by non-implementation of economic and political reforms which had been promised as part of EU accession conditions. …