The domestic property market of Bulgaria showed steady revival indications. More and more people prefer to buy a smaller residence but only with their own money so that they do not use a bank credit, many real estate developers told local media. About 40 % of the property deals in the capital city of Sofia are possible by a mortgage loan and the percent throughout the country is even less.

If the buyers cannot fund the entire purchase by means of their savings, they prefer to look through the consumer loan offers. Real estate experts account on a price growth as it amounts to 1-2% for the first quarter of this year. More and more people buy properties with the aim to invest in them.

  Despite the variety of the bank offers concerning mortgage loans, the customers prefer to avoid them, especially in the municipalities in the country. A real estate agency representative said firmly that people prefer to buy a smaller residence but only with their own money rather than choosing a bigger on until it gets impossible for them to pay a credit back.

  Almost 40 % of the buyers in the Bulgarian capital city acquire a property by a mortgage loan and the percent of the buyers in the cities of Varna, Plovdiv and Burgas amounts to 20 %. Within the years of the ‘’construction boom’’, about 80-90 % buyers used a credit for getting a new residence.

  The real estate prices already begin to increase as the average growth amounts to just several percents. The National New Construction and Reconstruction Register has accounted for a growth of about 22 % in 2013. Sofia has the largest share concerning the residential building construction – 28 %, the holiday resorts experience a growth of 19 % and the the residential building construction – almost 17 %. The office buildings are far from the top and they mark a growth of only 3 %.