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In Bulgaria, the average mortgage rate in June, below 5%

By the end of June 2016 mortgage in Bulgaria continues to decrease. The average rate of the Bulgarian National Bank amounted to 4,97% (in local currency).

With regard to mortgage loans in foreign currency, they gradually lose their appeal. Per month rate rose from 5.61% to 5.75%. A year ago, in June 2015 the mortgage in the currency gave at the rate of 6.14%.

The interest on the mortgage in BGN has been declining during the year. In June 2015, borrowers took out loans of 5.77% per annum, and in may 2016 under of 5.03%.

According to the expert Kostadin Jig, over time, credit conditions will become even softer, cheaper mortgage. The population will start more actively to buy real estate with the assistance of mortgage loans.