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In Bulgaria mortgage rates 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 leads the management of the Credit center of Bulgaria. So low interest rates will persist only within 12-24 months of the loan term. In the remaining period of the crediting rate will rise.

Recently in Bulgaria is slowly but surely increasing the size of wages 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 conducted a stress test of the Bulgarian banking system. The audit showed that local banks I “feel” good and help is not needed.