Home building driven by inertia this year, with small impetus from state

The first nine months of the year saw 34,888 homes built by
private investors, a less than 1% rise against 2008, whilst 3,282
homes were built from public funds, up 57%. Construction of homes
with public funds accelerated in the first nine months of this
year, when almost 3,300 units were built, compared with 2,082 in
the similar period of last year, but the target of the development
and public works minister Vasile Blaga to build 6,000 homes this
year seems difficult to reach. As for private funds, a part of the
building sites that “entered the crisis” with constructions in an
advanced stage continued to operate, so this year home building
remained on the rise. Next year, however, as far as large projects
are concerned, the number of home deliveries will be low,
considering that very few sizeable developments have been started
this year. The third quarter of this year already saw a decline in
the number of homes built, with 13,113 units in the July-September
interval, 411 less than in the similar period of last year.