In Bulgaria mortgage rates will fall below 4%

Sept. 4, 2016

In Bulgaria mortgage rates will fall below 4%

In the fall of 2016, many Bulgarian banks will offer potential customers loans at a rate of around 3,95%. This information is given by the management of the Credit center of Bulgaria. Such low interest rates will persist only for 12-24 months of the loan period. In the remaining period of the crediting rate will rise.

Recently in Bulgaria is slowly but surely increasing the size of salaries and falling interest rates, so Bulgarians are more active in taking loans from local banks to purchase their own homes.

Not long ago, experts of the European Commission made a stress test of the Bulgarian banking system. The audit showed that local banks  "feel" good and help is not required.

Based on the materials of bourgas.ru

Photocredit Depositphotos.com