The growth of the Bulgarian banking sector is fueled by increasing mortgage loans, showed a report of research company RNCOS. Over one-third of the loans Bulgarian banks gave out in 2006 were spent on home purchases. Mortgage lending is seen swelling by 88 pct in the period 2007 to 2010. From 2005 to 2006 it surged 87 pct due to the market liberalisation and the low interest rates. PR Minds explained. The Bulgarian housing sector has been thriving in the past years as banks offer numerous housing loan opportunities. The property sector generated over 40 pct of the foreign capital in Bulgaria. In 2007 it attracted 26 pct more investments than the previous year. The steady pace will keep up through 2008, according to RNCOS. Source: Econ.bg Be FIRST, get all the latest NEWS about Bulgaria Property Market! Enter your E-mail to receive our Weekly Reports Enter your E-mail to receive our Daily Reports ShareThis
