Increased activity reported in Bulgarian real estate
There has been a significant rise in the number of new mortgages issued in Bulgaria, it has been revealed.
According to research from Credit Center, a consultancy based in Sofia, the number of home loans awarded in the second quarter of the year was 18 per cent higher than in the first three months of 2011, the Sofia News Agency reported.
Chief executive officer of Credit Center Tihomir Toshev told the press organisation that this bodes well for the Bulgarian real estate sector.
He explained that buyers and sellers have been active in all areas of the market, even though the most popular kind of property is currently a two-bedroom apartment.
Mr Toshev added that “receiving credit is becoming easier and easier”, which has enabled more people to buy a home in Bulgaria.
Last month, the Sofia Echo noted that there was a 27 per cent annual rise in the number of real estate transactions in the country during the first half of the year.
More source:
Bulgaria's Real Estate Market - 4-Fold Increase in Activity | PRLogBulgarian Property Network property for sale Black sea property real ...
Bulgaria Real Estate Report Q2 2012 by Business Monitor ...
Bulgarian Real Estate News - InvestBulgaria.com
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Submited at Saturday, August 13th, 2011 at 3:00 pm on News by arrisa
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