DETERMINANTS OF THE RECENT ROMANIAN HOUSEHOLDS' FINANCIAL BEHAVIOUR FOR HOUSING LOANS - A TERRITORIAL ANALYSIS AT THE LEVEL OF NUTS 3 REGIONS

• Main Author: BABUCEA ANA-GABRIELA
• Format: Article
• Language: English
• Published: Academica Brâncuşi 2017-11-01
• Series: Analele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie
• Subjects: housing; private ownership; dwellings; housing loan; cluster analysis
• Online Access: http://www.utgjiu.ro/revista/ec/pdf/2017-Volumul%201%20Special/09_BabuceaAG.pdf

Recent studies on the evolution of the real estate market in Romania highlight a continuous increase of the stock of new housing and in parallel an increase of the loan fund to the population for housing. In this context, the main purpose of the article was to make an overview of the evolution of the housing fund in Romania, and of the households housing loans, and to identify the differences and the similarities at the level of the NUTS3 administrative-territorial units, respectively the counties in Romania, regarding the determinants on the housing loans for households. We used specific statistical analysis methods for territorial analysis based on the data series of Romania's National Bank (NBR), Romania's National Institute of Statistics (NIS), and National Commission for Prognosis (NCP), data series available at the time of preparation of the study, for the entire set of variables considered determinants of the gaps in this sector across the Romania's counties. Using cluster analysis were classified the Romanian counties, and then, were identified the profile of each class of similar counties in order to the level of the households loans for the housing, and identified the determinants. In this regard, the study confirms the existence of significant disparities at the level of Romania's counties. The results can be used both in the analysis of territorial comparisons, but especially for political decisions in Romania's territorial development.