Just three months into the new year and the First House government subsidy program for housing and the banks involved in it have nearly exhausted their funds. The demand for mortgage loans has increased greatly in recent months as banks threatened to raise the minimum deposit level consumers need to provide to 40 percent. Banks like BCR, ING, Alpha Bank have already exhausted the funds for the program but the government let it be known that for the moment, at least, no new funds will be provided to the program. Just RON 630 million remain in the fund.
