Bulgarian Banks expecting the mortgage loans to fall by an average of 1% in 2010. For loans in BGN will reach 8,5%, while those in EUR- 7,5%.
Searching of properties at the beginning of the year 2010 will be slow due to a number factors from the banking and real estate sectors in Bulgaria. But in the spring the real estate market will begin to appear attractive offers.
In this way at the end of the 2010 the property market in Bulgaria will show growth with 15% compared to this 2009.
Generally next year will move under the sign of different markets- ideal customer profile will remain and the banks will not significantly liberalize the requirements, but the best client will get better conditions.
At the end of 2010 is expecting the first products for refinance. Generally the positive trend in the mortgage market in Bulgaria continued and in November, indicates analysis of Bulgarian Kredit Center for the penultimate month of the year. Only for a month the average size of property mortgages acquired recovered slightly over 9% of its value and now exceeds 40000EUR.
At the end of 2009, people who purchase properties in Bulgaria with mortgage should be more careful in defining the terms in their preliminary contracts.